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South Korea plans a record investment of 21.3 trillion won in AI and semiconductors for its 2027 budget, announced President Lee Jae Myung. This amount is nearly double the current year's allocation. The government aims to support cutting-edge AI development projects to achieve top global performance. The total budget proposal reaches 821 trillion won, marking a 12.8% increase from 2026. Lee also indicated an 8.2% increase in defense spending, focusing on advanced military capabilities. South Korea aims to triple its AI spending this year to compete with the US and China in the AI sector, with major companies like Samsung and SK hynix leading in memory chip production.