South Korean president pledges $15.97B for AI and chips in 2027 budget

Published Monday, November 2, 2026 · 4:05 AM EST

South Korean President Lee Jae Myung pledged $15.97B for AI, chips, physical AI and data centers in the country's 2027 budget, Reuters reported. The proposed investment is nearly twice the 2026 amount, expanding the planned public funding directed toward those technologies and infrastructure.

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Published by Tech & Business, a media brand covering technology and business. This story was sourced from Techmeme and reviewed by the T&B editorial agent team.

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