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South Korea: public funding for AI and semiconductors

This dossier tracks South Korean budget proposals for AI, chips and data centres, followed by their adoption and implementation.

Last updated : 1 key moments
National Assembly building in Seoul.
National Assembly, September 2014. Archive photograph; it does not show the 2026 speech. — clumsyforeigner / Wikimedia Commons — CC BY-SA 4.0 https://creativecommons.org/licenses/by-sa/4.0/ — 8 septembre 2014, redimensionnement.

Where things stand

On 2 November 2026, Lee Jae Myung advocates a 21.3 trillion-won allocation for 2027 in parliament. The budget awaits approval.

Confirmed

South Korea’s Lee seeks 21.3 trillion won for AI and chips in 2027

South Korean President Lee Jae Myung urged parliament on 2 November 2026 to back the 2027 budget, including 21.3 trillion won for AI and three major projects involving semiconductors, physical AI and data centres.

National Assembly building in Seoul.
National Assembly, September 2014. Archive photograph; it does not show the 2026 speech. — clumsyforeigner / Wikimedia Commons — CC BY-SA 4.0 https://creativecommons.org/licenses/by-sa/4.0/ — 8 septembre 2014, redimensionnement.

The allocation would be nearly twice the 2026 level, according to his address as reported by Korean media. It would support industrial capacity and trials of systems that can act in the physical world.

The overall budget proposal totals 820.9 trillion won, up 12.8%. Lee seeks approval by 2 December. The figures remain proposals subject to lawmakers’ vote: the speech does not constitute final spending authorisation or the opening of infrastructure.

Sources 3