South Korea allocates 4.7 trillion won for sovereign AI model in 2027 budget
Overview
South Korean President Lee Jae Myung unveiled a record 2027 budget of 820.9 trillion won ($610.14 billion) to the National Assembly, a 12.8% increase.
The budget sets aside 4.7 trillion won to develop a sovereign AI model, which Lee described as having the "world's highest performance." Another 21.3 trillion won is allocated to semiconductors, physical AI and AI data centers, nearly double the 2026 level. Lee also pledged to train 2,000 semiconductor design specialists. The report does not give a timeline or performance benchmarks for the AI model, and the "world's highest performance" claim is Lee's own.
Written by AI from the articles below · updated Nov 2, 1:45 AM ET
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- CNBC · TechnologyNewsSouth Korea targets a sovereign AI model with 4.7 trillion won in record 2027 budget
AISouth Korean President Lee Jae Myung unveiled a record 2027 budget of 820.9 trillion won ($610.14 billion), up 12.8%, with 21.3 trillion won for semiconductors, physical AI and AI data centers. The budget includes 4.7 trillion won to develop a sovereign AI model, which Lee described as having the "world's highest performance." Lee also pledged to train 2,000 semiconductor design specialists.
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