{
  "id": 17739797,
  "title": "South Korea to double spending on AI and chips in 2027",
  "url": "https://urgent.news/2026/11/02/south-korea-to-double-spending-on-ai-and-chips-in-2027-17739797",
  "topic": "ai",
  "section": "AI",
  "published": "2026-11-02T02:25:17.000Z",
  "source": {
    "name": "Free Malaysia Today",
    "slug": "free-malaysia-today",
    "url": "https://www.freemalaysiatoday.com/category/business/2026/11/02/south-korea-to-double-spending-on-ai-and-chips-in-2027"
  },
  "original_language": "en",
  "account": "SEOUL: President Lee Jae Myung announced that South Korea plans to double its spending on artificial intelligence and semiconductor technologies in 2027 to a record US$16 billion. The tech powerhouse, home to Samsung Electronics and SK hynix, the world's top two memory chip manufacturers, will allocate 21.3 trillion won to semiconductor, AI and AI data centers, as well as AI investments, nearly double the current amount, according to Lee's annual budget speech. The government will invest 4.7 trillion won to support frontier AI development projects to achieve world-leading AI model performance, a national strategic asset. Overall, the 821 trillion won budget proposal, a 12.8% increase from this year, seeks to strengthen South Korea's economic growth potential and military capabilities, with plans for nuclear-powered submarines, KF-21 fighter jets, and AI-integrated military systems.",
  "summary": "The country is a tech powerhouse home to Samsung Electronics and SK hynix, two of the world's three biggest makers of memory chips.",
  "key_points": [],
  "editors_take": null,
  "illustration": null,
  "coverage": {
    "outlets": 11,
    "also_reported_by": [
      {
        "outlet": "Malay Mail",
        "title": "South Korea’s beloved on-screen dad Choi Bool-am dies at 87 after nearly seven decades in showbiz",
        "url": "https://urgent.news/2026/10/30/south-koreas-beloved-on-screen-dad-choi-bool-am-dies-at-87-after",
        "published": "2026-10-30T07:46:09.000Z"
      },
      {
        "outlet": "Straits Times Business",
        "title": "South Korea exports extend robust growth on AI-fuelled chip boom",
        "url": "https://urgent.news/2026/11/01/south-korea-exports-extend-robust-growth-on-ai-fuelled-chip-boom",
        "published": "2026-11-01T01:40:00.000Z"
      },
      {
        "outlet": "Business Recorder",
        "title": "South Korea exports nearly double in October on AI investment boom",
        "url": "https://urgent.news/2026/11/01/south-korea-exports-nearly-double-in-october-on-ai-investment-boom",
        "published": "2026-11-01T04:56:31.000Z"
      },
      {
        "outlet": "The Business Times - Companies & Markets",
        "title": "South Korea exports extend robust growth on AI-fuelled chip boom",
        "url": "https://urgent.news/2026/11/01/south-korea-exports-extend-robust-growth-on-ai-fuelled-chip-boom-17575654",
        "published": "2026-11-01T09:53:08.000Z"
      },
      {
        "outlet": "Qatar Tribune Business",
        "title": "South Korea exports nearly double on AI investment boom",
        "url": "https://urgent.news/2026/11/01/south-korea-exports-nearly-double-on-ai-investment-boom",
        "published": "2026-11-01T21:00:00.000Z"
      },
      {
        "outlet": "New Straits Times",
        "title": "South Korea to double spending on AI and chips in 2027",
        "url": "https://urgent.news/2026/11/02/south-korea-to-double-spending-on-ai-and-chips-in-2027",
        "published": "2026-11-02T02:13:11.000Z"
      },
      {
        "outlet": "Economic Times Tech",
        "title": "South Korea's Lee vows to make bold AI investment in record budget push",
        "url": "https://urgent.news/2026/11/02/south-koreas-lee-vows-to-make-bold-ai-investment-in-record-budget-push",
        "published": "2026-11-02T02:58:33.000Z"
      },
      {
        "outlet": "Channel News Asia",
        "title": "South Korea’s president vows to make bold AI investment in record budget push",
        "url": "https://urgent.news/2026/11/02/south-koreas-president-vows-to-make-bold-ai-investment-in-record",
        "published": "2026-11-02T04:19:14.000Z"
      },
      {
        "outlet": "Japan Times",
        "title": "South Korea to double spending on AI and chips in 2027",
        "url": "https://urgent.news/2026/11/02/south-korea-to-double-spending-on-ai-and-chips-in-2027-17749962",
        "published": "2026-11-02T04:57:00.000Z"
      },
      {
        "outlet": "The Jakarta Post",
        "title": "South Korea to double spending on AI and chips in 2027",
        "url": "https://urgent.news/2026/11/02/south-korea-to-double-spending-on-ai-and-chips-in-2027-17755205",
        "published": "2026-11-02T05:21:43.000Z"
      }
    ]
  },
  "ai_generated": true,
  "disclaimer": "Summaries, key points and the editor’s take are written by software from other outlets’ reporting and may contain errors — always check the linked original."
}