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

_Published Monday, November 2, 2026 at 4:05 AM EST · Policy, AI, Infrastructure · Latest · Tier 2 — Notable_

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.

## Sources

- [Techmeme](https://www.techmeme.com/261101/p26#a261101p26)

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Canonical: https://techandbusiness.org/newswire/q7Vh9X-XGu-fm2L8I5eopx
Published: 2026-11-02T09:05:59.690Z
Story chronology: 2026-11-02T04:05:02.000Z
Retrieved: 2026-11-02T11:29:59.544Z
Publisher: Tech & Business (techandbusiness.org)