South Korea pledges nearly $16 billion for AI and chips in 2027
11/02/2026 — 11/05, 01:21·2 sources (all)·2 reports (all)
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- President Lee Jae-myung said in his National Assembly budget speech that South Korea will invest about 21.3 trillion KRW, or $159.7 billion,…
Latest turnSouth Korean President Lee Jae Myung told the National Assembly that next year's budget will put 21.3 trillion won (about $16 billion) into AI, chips and AI data centers, nearly double this year's amount. The pledge is part of a record national budget.
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South Korean President Lee Jae Myung told the National Assembly that next year's budget will put 21.3 trillion won (about $16 billion) into AI, chips and AI data centers, nearly double this year's amount. The pledge is part of a record national budget.
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South Korean President Lee Jae Myung has pledged $15.97 billion in the country's 2027 budget for AI, chips, physical AI, and data centers, nearly twice the 2026 amount, according to Reuters.
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