{
  "id": 17755205,
  "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",
  "topic": "ai",
  "section": "AI",
  "published": "2026-11-02T05:21:43.000Z",
  "source": {
    "name": "The Jakarta Post",
    "slug": "the-jakarta-post",
    "url": "https://www.thejakartapost.com/business/2026/11/02/south-korea-to-double-spending-on-ai-and-chips-in-2027.html"
  },
  "original_language": "en",
  "account": "South Korea plans to more than double its spending on artificial intelligence and semiconductors in 2027, according to President Lee Jae Myung's annual budget speech to parliament. The government intends to allocate 21.3 trillion won (US$16 billion) to chipmaking and AI, which is nearly twice the amount allocated this year. This investment aims to transform the military into a smart, elite force by integrating AI, robots, and drones. North Korea's recent weapon tests, including a new precision-guided torpedo system and an intermediate-range hypersonic missile, which reportedly use AI technology, have heightened tensions. South Korea's tech sector is a powerhouse, with Samsung Electronics and SK hynix being among the world's top memory chip manufacturers. The government plans to invest 4.7 trillion won in frontier AI development projects, with the goal of creating a world-leading AI model. Additionally, the government will invest 2.1 trillion won in infrastructure, recognizing semiconductors' need for stable power 24/7. The 2027 budget proposal is the largest on record, representing a 12.8 percent increase from the previous year.",
  "summary": "South Korea will double spending on AI and semiconductors in 2027 to a record high, the president said Monday, pledging to use the technology to turn the military into a \"smart, elite force\".",
  "key_points": [],
  "editors_take": null,
  "illustration": null,
  "coverage": {
    "outlets": 11,
    "also_reported_by": [
      {
        "outlet": "Free Malaysia Today",
        "title": "M’sia receives first FA-50M jet from South Korea",
        "url": "https://urgent.news/2026/10/30/msia-receives-first-fa-50m-jet-from-south-korea",
        "published": "2026-10-30T06:59:00.000Z"
      },
      {
        "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"
      }
    ]
  },
  "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."
}