Lee Jae-myung pledges to invest 21.3 trillion won in AI and data centers

Nov 2

1. 16:11

   Semiconductor Industry Observer

   South Korea Unveils FY2027 Budget, Allocating KRW 21.3 Trillion to AI and Semiconductors

   The South Korean government has unveiled its FY2027 budget proposal, with total spending of KRW 820.9 trillion, up 12.8% year on year. Of this, artificial intelligence, semiconductors and supporting infrastructure together receive KRW 21.3 trillion in dedicated funding, with KRW 4.7 trillion going toward developing domestic sovereign AI models. The budget also plans to train 2,000 semiconductor specialists and to expand the scope of basic AI education. The budget bill still needs to be submitted to the National Assembly for review. Samsung Electronics and SK Hynix's latest quarterly earnings show that AI memory demand remains in a phase of rising volumes and prices, providing an economic basis for South Korea's continued increased investment.

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2. 14:54

   Phoenix Technology

   South Korea unveils 2027 budget, with AI, semiconductors and data centers receiving 21.3 trillion won in support

   South Korean President Lee Jae-myung announced the 2027 government budget plan on November 2, proposing to raise total annual fiscal spending to 820.9 trillion won (about 614.5 billion US dollars), a year-on-year increase of 12.8%, setting a record high. Among this, projects related to semiconductors, physical artificial intelligence (Physical AI) and AI data centers are planned to receive 21.3 trillion won in support, with an additional 4.7 trillion won invested in developing independent artificial intelligence models. South Korea Customs Service data shows that total exports in the first 10 months of 2026 reached 930 billion US dollars, surpassing 900 billion US dollars for the first time.

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3. 14:17

   cnBetaRelated discussion

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   This post contributes to heat; it is not a formal report or confirmed fact.

4. 10:52

   Sina Tech

   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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