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The South Korean government plans to spend up to 2.4 trillion won (US$1.67 billion) this year to support AI adoption across public sectors, including defence andThe South Korean government plans to spend up to 2.4 trillion won (US$1.67 billion) this year to support AI adoption across public sectors, including defence and

South Korea Raises AI Budget Fivefold to US$1.67B in Race for Top 3 Global AI Status

Author: Fintechnews

Source: Fintechnews

2026/01/28 11:45

The South Korean government plans to spend up to 2.4 trillion won (US$1.67 billion) this year to support AI adoption across public sectors, including defence and agriculture.

The initiative, announced at a meeting of science-related ministers chaired by Science Minister Bae Kyung-hoon, will see the funds distributed to 33 government agencies, Yonhap reported.

The figure represents a fivefold increase compared with last year.

As part of the plan, Seoul will establish a cross-government AI collaboration framework, providing graphics processing units (GPUs), AI models and data, as well as consulting programmes, to encourage the use of AI in the public sector.

Bae Kyung-hoon

Bae said.

he added.

Featured image credit: Edited by Fintech News Hong Kong, based on image by artistdesign13 via Freepik

The post South Korea Raises AI Budget Fivefold to US$1.67B in Race for Top 3 Global AI Status appeared first on Fintech Hong Kong.

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