AI Policy & Regulation
South Korea Seeks Approval for 2027 AI Spending
President Lee proposed 21.3 trillion won for AI and related projects, nearly twice this year’s amount.
Illustration of South Korea’s National Assembly alongside chip and data-center motifs representing a proposed AI investment.
Photo: Kronos News
South Korean President Lee Jae Myung asked parliament to approve a 2027 budget that includes 21.3 trillion won ($15.97 billion) for AI and three related projects: semiconductors, physical AI and AI data centers. The proposed allocation is nearly twice this year’s amount. [1]
The figure is part of a broader government spending plan of 820.9 trillion won, which the administration proposed in September—an increase of 12.8% from this year. The spending remains a proposal: Lee made the appeal in a budget address to parliament seeking approval. [1]
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