South Korea’s president asks for nearly double AI spending
Lee Jae Myung asked parliament on November 2 to pass a record 2027 budget. It puts 21.3 trillion won, about $16 billion, into AI, chips, physical AI and AI data centres. Lawmakers have until December 2.
President Lee Jae Myung gave his budget speech to the National Assembly on November 2. He said the 2027 budget puts 21.3 trillion won into AI and three “megaprojects”: chips, physical AI and AI data centres. He said that is nearly double this year’s amount. The whole budget is 820.9 trillion won, 12.8% more than this year.