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South Korea triples AI spending in 2026 budget plan
South Korea aims to become a top three AI power with a 10.1 trillion won budget focusing on infrastructure, talent, and key industries, tripling this year's AI spending.
- During the 2026 budget presentation, Lee proposed allocating 10.1 trillion won to make South Korea a top-three AI power, as announced in his parliamentary speech.
- Framing the move as a national imperative, President Lee Jae Myung said South Korea faces a critical moment for national survival amid global trade changes and must build a `highway for the AI era` like Park Chung-hee and Kim Dae-jung did.
- Next year's AI budget allocates 7.5 trillion won for talent development and infrastructure, and the plan targets semiconductors, automobiles, shipbuilding, and robotics, with Samsung Electronics and SK hynix leading memory chip manufacturing.
- Seeking rapid approval, Lee asked parliament to pass the proposal, likely supported by his ruling party majority, and proposed an 8.2% defense spending increase next year.
- However, access and delivery remain uncertain as U.S. restrictions on Blackwell AI chips and Jensen Huang, Nvidia CEO, said shipments depend on AI data centers and power networks, calling the goal `ambitious` after Friday.
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55 Articles
Jae-myung planned to allocate the equivalent to EUR 6.1 billion for "a major transformation with a view to boosting South Korea for a group of the three main global powers in IA".
·Portugal
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South Korea triples AI spending, plans biggest defence boost in six years
SEOUL, Nov 4 — South Korea will triple spending on artificial intelligence and make its biggest defence budget increase in six years, President Lee Jae Myung said today in his annual parliamentary budget speech.Lee said 10.1 trillion won (RM29 billion) would go towards “a major transformation aimed at propelling South Korea into the ranks of the world’s top three AI powers” alongside the United States and China.“We will significantly expand inve…
·Selangor, Malaysia
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Total News Sources55
Leaning Left10Leaning Right8Center10Last UpdatedBias Distribution36% Left, 36% Center
Bias Distribution
- 36% of the sources lean Left, 36% of the sources are Center
36% Center
L 36%
C 36%
R 28%
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