South Korea's Lee Seeks Record Budget: AI Investment Nearly Doubles to 21.3 Trillion Won
South Korean President Lee Jae Myung addressed parliament on November 2 to seek approval for next year's budget, vowing bold investment in artificial intelligence to lift the country's growth potential.
He said the government will invest 21.3 trillion won (about 15.97 billion US dollars), nearly twice this year's amount, in AI and the three megaprojects of semiconductors, physical AI and AI data centres.
His administration proposed in September raising government spending by a record 12.8 percent next year to 820.9 trillion won, aiming to strengthen South Korea's technological edge as global competition over AI intensifies. The budget still requires parliamentary approval.
(Source: Office of the President, Republic of Korea)
Source: Office of the President, Republic of Korea
Published by GSM · USA (original Chinese edition)
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