South Korea proposes record budget increase to expand AI investment

Government spending would rise 12.8% to 820.9 trillion won under the proposed budget. CNBC reports that the 2027 plan includes 21.3 trillion won for semiconductors, physical AI and AI data centers, while The Economic Times says the administration aims to strengthen South Korea's technological position as global AI competition intensifies.

• The administration proposed the increase in September, according to The Economic Times.

Covered by 2 publishers within 3 hours of the first report.

• CNBC: South Korea targets 'world's highest performance' sovereign AI model in record new budget

Reporting2

ET The Economic Times South Korea's Lee vows to make bold AI investment in record budget push 9:58 PM

CN CNBC South Korea targets 'world's highest performance' sovereign AI model in record new budget 1:02 AM

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Topics Data centers