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South Korea unveils largest budget proposal in its history: 820.9 trillion won in total spending for 2027, focused on AI and semiconductors

South Korean President Lee Jae-myung unveiled a budget proposal raising total fiscal spending for 2027 by 12.8% to 820.9 trillion won, with 21.3 trillion won allocated to semiconductors, physical AI, and AI data centers, nearly double the 2026 level. Another 4.7 trillion won is earmarked for R&D on proprietary large AI models, and the plan also calls for training 2,000 semiconductor design specialists. The defense budget rises 8.2% to 73.3 trillion won, with plans to build a manned-unmanned teaming system relying on AI, robots, and drones.

Part of the event: South Korea Unveils 2027 Budget Proposal, with Focus on AI and Semiconductors

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