Lee Jae-myung: South Korea to invest 21.3 trillion won in AI and data centers, plus 4.6 trillion won for self-developed large models
In a speech at the National Assembly, South Korean President Lee Jae-myung said the 2027 budget bill will invest 21.3 trillion won to advance semiconductor manufacturing clusters, data centers, physical AI and the AI industry layout, and will separately allocate 4.6 trillion won for self-developing world-class proprietary large models. The draft budget's total expenditure is 820.9 trillion won (about 614.5 billion US dollars), up 12.8% from this year, with an additional 160 trillion won future fund, of which 13.8 trillion won will go to ten major strategic technology fields.
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