South Korea plans to nearly double AI spending to 21.3 trillion won

President Lee Jae-myung's government wants 97.2% more AI funding in its 2027 budget, with chips, robotics and data centers at the center South Korea’s government wants to nearly double what it spends on artificial intelligence next year. The proposed 2027 budget sets aside 21.3 trillion won ($15.5 billion) for AI initiatives, up from 10.8 trillion won ($7.8 billion) in 2026. That works out to a 97.2% jump in a single budget cycle. The plan is central to President Lee Jae-myung’s push to secure the country’s place in a global AI race that is moving fast and rewarding scale.

Source: Crypto Briefing