Technology · 2026-11-02 · Morning briefing
South Korea proposes $16bn push for sovereign AI
South Korea plans to invest 21.3 trillion won ($16 billion) in artificial intelligence and semiconductors, nearly doubling this year's allocation. President Lee Jae Myung announced the spending as part of a record 820.9 trillion won budget proposal for 2027, which represents a 12.8% increase in overall government spending.
A 4.7 trillion won portion is specifically designated to develop a sovereign AI model with 'world-leading performance', which the government deems a 'national strategic asset'. The plan, which requires parliamentary approval where the president's party holds a majority, builds on an economy powered by chip giants Samsung and SK Hynix. The country's exports are on track to surpass $1 trillion this year, a milestone previously reached only by the United States, China, and Germany.
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- South Korea plans to nearly double AI spending to 21.3 trillion won
- South Korea to double spending on AI and chips in 2027
- South Korea Seeks to Nearly Double AI Spending in Proposed Budget
- How South Korea Ramps Up AI Ambitions With $16bn Investment
- South Korean lawmaker proposes AI-powered security system for DMZ
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