Global credit appraisers have offered positive assessments of Korea’s 2027 budget proposal, the government said Wednesday, stressing overseas institutions have recognized Seoul’s efforts to improve fiscal health and pursue long-term growth. Korea’s finance and budget ministries released a joint analysis of recent reports by Fitch Ratings and Moody’s Corp., as Asia’s No. 4 economy recently announced its 2027 budget proposal calling for record spending of 821 trillion won ($614 billion) to address structural challenges. According to the government report, Fitch said the 2027 budget proposal is expected to result in “stronger fiscal outcomes than previously expected,” noting Korea is expected to be on a “more favorable debt trajectory” as well. Fitch also said the Future Fund, which will be launched next year using windfall tax revenue from the recent semiconductor upcycle, will help reduce volatility in Korea’s fiscal revenue. Korea’s investment in strategic industries, such as artificial intelligence (AI) and semiconductors, could also help enhance the country’s growth potential, eventual
