South Korea's budget ministry to launch AI-driven review of 2028 spending cuts

South Korea's Ministry of Planning and Budget said it will commence a detailed review of spending-restructuring measures in November, aiming to shape the 2028 budget proposal. The effort follows the inclusion of 88 cost-cutting actions that reduced expenditures by 44.2 trillion won in the 2027 budget draft. Budget Minister Park Hong-geun emphasized a faster, more precise elimination of inefficient spending and announced plans to involve private-sector experts and civil-society groups.

The ministry will deploy artificial-intelligence assistants to examine potential tasks, considering concerns from the National Assembly, the audit board and the press, and will benchmark against similar international cases. This AI-enhanced approach is intended to generate realistic solutions and improve overall fiscal efficiency.