Seoul's record 2027 budget bets big on AI and housing

The Korea Herald · Park Yuna · 2026-10-29 06:09 UTC

Seoul unveiled a record 55.7 trillion won ($41.8 billion) budget proposal for 2027 on Thursday, prioritizing AI access for young people and housing support thro

Seoul unveiled a record 55.7 trillion won ($41.8 billion) budget proposal for 2027 on Thursday, prioritizing AI access for young people and housing support through public rental homes and rent subsidies.

“With the job market and workplace changing at lightning speed, even a delay of a few months could make a decisive difference,” Seoul Mayor Oh Se-hoon told reporters.

The city allocated 26.6 billion won to provide generative AI subscriptions and tailored training for 500,000 young residents, reviving a program whose 5.6 billion won allocation was cut from a supplementary budget in September.

Read the full story at The Korea Herald · All coverage of this story