# South Korean President Lee Jae Myung vows $15.97B for AI, chips, physical AI, and data centers in 2027 budget

Digest AI · Policy & Regulation · published 2026-11-02T04:05:02Z

Canonical: https://digestai.news/story/south-korea-to-spend-15-97b-on-ai-and-chips-in-2027-budget

## Summary

South Korean President Lee Jae Myung announced on Monday a pledge to allocate $15.97 billion for artificial intelligence, semiconductors, physical AI, and data centers in the country's 2027 budget. This amount is nearly double the funding allocated for these areas in the 2026 budget. The announcement was reported by Reuters, citing the president's statement made during a public address. No further details about the distribution of funds or specific programs were provided in the article.

## Key points

- President Lee Jae Myung pledged $15.97 billion for AI, chips, physical AI, and data centers in South Korea's 2027 budget
- This amount is nearly twice the 2026 allocation for the same sectors
- The announcement was made on Monday and reported by Reuters

## Why it matters

This significant budget commitment signals South Korea's intent to strengthen its position in global AI and semiconductor supply chains, potentially influencing investment, research, and infrastructure development across the industry.

## Sources

1. [South Korean President Lee Jae Myung vows $15.97B for AI, chips, physical AI, and data centers in the country's 2027 budget, nearly twice the 2026 amount](https://reuters.com/world/asia-pacific/south-koreas-lee-vows-make-bold-ai-investment-record-budget-push-2026-11-02) (reuters.com, 2026-11-02)

## Cite

Digest AI, "South Korean President Lee Jae Myung vows $15.97B for AI, chips, physical AI, and data centers in 2027 budget", 2 November 2026, https://digestai.news/story/south-korea-to-spend-15-97b-on-ai-and-chips-in-2027-budget

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