Update
South Korea's President Proposes Record AI Budget
South Korean President Lee Jae Myung proposed a 2027 budget that allocates 820.9 trillion won ($615.62 billion), a 12.8% increase from the previous year. The budget places artificial intelligence at the center of the country's growth plan, with a record 15.97 billion won allocated specifically for AI initiatives. The budget also includes funding for semiconductors, physical AI, and AI data centers, with a 97.2% increase from the previous year. The budget also includes a new 162.3 trillion won 'Future Response Fund' to support growth sectors, youth and regional development, and education.