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South Korea expects record tax receipts from an AI-driven semiconductor boom, creating fiscal room for President Lee Jae‑myung’s investment agenda. Budget Minister Park Hong‑geun said on Monday the government has raised its 2027 tax revenue forecast

2026-07-13

South Korea expects record tax receipts from an AI-driven semiconductor boom, creating fiscal room for President Lee Jae‑myung’s investment agenda. Budget Minister Park Hong‑geun said on Monday the government has raised its 2027 tax revenue forecast to KRW 500 tln ($331.6 bln), up from a prior KRW 412.1 tln projection, enabling a draft budget above KRW 800 tln versus this year’s KRW 727.9 tln — the largest spending plan in Republic of Korea history. A central plank is a Future Response Fund to channel above‑trend tax receipts into strategic investment focused on youth, future growth engines, regional development and talent. The fund will finance administration priorities including three “super projects” announced earlier this month covering semiconductors, data centers and physical AI.

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2026-07-14

RBNZ chief economist Paul Conway said monetary stimulus may need to be reduced further.

RBNZ chief economist Paul Conway said monetary stimulus may need to be reduced further.
2026-07-13

Taiwan Economic Daily reports TSMC plans to raise wafer-foundry prices for mature process nodes from January following earlier hikes on advanced nodes. IC design firms said they will still seek more foundry capacity for next year than they secured th

Taiwan Economic Daily reports TSMC plans to raise wafer-foundry prices for mature process nodes from January following earlier hikes on advanced nodes. IC design firms said they will still seek more foundry capacity for next year than they secured this year to support growth. Designers noted that rising mature-node pricing in 1H—from OSATs and non‑TSMC foundries—has already pushed up production costs and led to product price negotiations with clients; a TSMC increase would prompt further client renegotiations and downstream costs pass‑throughs.
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