South Korea Proposes $7.26 Billion Budget to Boost AI Sector
The 2026 budget plan, announced August 29, aims to establish the nation as a global AI powerhouse with massive investments in infrastructure.
South Korea's government on August 29, 2025, proposed a 2026 budget that allocates 10.1 trillion won ($7.26 billion) for artificial intelligence initiatives. The investment, which is more than triple the AI funding from 2025, is part of a broader strategy to establish the nation as a global AI leader and build a "super innovation economy."
A "Super Innovation Economy"
The proposed budget of 728 trillion won ($525 billion) represents an 8.1% increase from the previous year, with a strong focus on research and development and AI. The administration of President Lee Jae Myung has identified AI as a core …
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