(URGENT) S. Korea to allocate 162.3 tln won for Future Fund in 2027 budget proposal: budget minister

South Korea's budget minister announced a record 820.9 trillion-won government budget proposal for the year 2027. The financial plan includes a specific allocation of 162.3 trillion won designated for a Future Fund.

The proposed budget represents the largest spending plan put forward by the administration to date. Details of the funding distribution were revealed in Seoul.