South Korea to Invest Billions in AI and Tech Megaprojects

Economic Times - Tech · technology

South Korean President Lee Jae Myung announced a significant push into artificial intelligence, pledging bold investments to bolster the nation's economic growth. The government plans to allocate 21.3 trillion won ($15.97 billion) to AI, semiconductors, physical AI, and data centers, nearly doubling this year's investment. This initiative is part of a record 12.8% budget increase aimed at strengthening South Korea's technological edge amidst global AI competition. The president emphasized a transition towards inclusive growth, ensuring benefits reach all segments of society, not just a select few.