South Korea targets 'world's highest performance' sovereign AI model with 4.7 trillion won investment, part of record 2027 budget
South Korean President Lee Jae Myung unveiled the country's largest ever budget on Monday, pledging to "boldly invest in AI and future growth engines." The 2027 budget will rise 12.8% to 820.9 trillion won ($610.14 billion), including 21.3 trillion won for semiconductors, physical AI, and AI data centers. A separate 4.7 trillion won will go toward developing a sovereign AI model. The government also plans to invest heavily in talent, including training 2,000 specialists to lead semiconductor design and expanding AI education.
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