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Bloomberg

South Korea to Unveil Spending Plan to Cement Status as Tech Powerhouse

Monday, June 29, 2026


South Korea announced a spending plan aimed at strengthening its position in technology sectors. The initiative includes investments in semiconductor manufacturing, research and development, and infrastructure. Government officials stated the plan targets maintaining competitiveness in global technology markets. The announcement follows increased competition from other countries in semiconductor production and advanced technology development.

Original reporting: https://www.bloomberg.com/news/live-blog/2026-06-29/south-korea-presidential-briefing

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