South Korea will increase its spending on artificial intelligence and chips to double the amount in 2027.

Updated 2026-11-03 · told from many outlets at once

South Korea announced a record AI investment plan of 21.3 trillion won, with 4.7 trillion won for frontier AI projects. Defense spending will rise by 8.2 percent.

Lee Jae Myung said South Korea will aim to invest nearly $16 billion on artificial intelligence and semiconductors.
The government plans to invest 4.7 trillion won to support frontier AI development projects.
Exports totaled $930 billion from January to October.
The government plans an increase of about eight percent for the defense budget compared to the current year.

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