It is reported that South Korea’s National Assembly has approved the 2026 budget of 727.9 trillion won ($498 billion) just before the legal deadline, marking the first on-time passage in five years. The ruling Democratic Party and the main opposition People Power Party reached a last-minute agreement to maintain the government’s proposed total spending, but reallocating 4.3 trillion won from AI-related programs, policy funds and other items, to other areas (such as establishing a disaster-recovery system following a massive fire at a state data center, as well as fostering the distributed power grid industry and expanding national scholarships).
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