South Korea's Lee vows to make bold AI investment in record budget push — Live Feedhttps://www.live-feeds.com/feed/south-korea-s-lee-vows-to-make-bold-ai-investment-in-record-budget-pushContinuously updated, source-cited coverage. South Korea proposes record budget to fund sovereign AI model and chipshttps://www.live-feeds.com/feed/south-korea-s-lee-vows-to-make-bold-ai-investment-in-record-budget-pushhttps://www.live-feeds.com/feed/south-korea-s-lee-vows-to-make-bold-ai-investment-in-record-budget-push#u176357Thu, 05 Nov 2026 04:07:05 +0000President Lee Jae Myung has proposed a record 2027 budget of 820.9 trillion won ($615.62 billion), representing a 12.8% increase in government spending. The plan allocates approximately $16 billion toward AI, chips, and data centers, including 4.7 trillion won specifically for a sovereign AI model designed for the world's highest performance. Lee frames the investment as a strategy for growth for all to close the wealth gap while maintaining a technological edge amid intensifying global competition.Why it mattersSouth Korea's economy relies heavily on advanced chip exports, which hav