South Korea to invest $7 billion in artificial intelligence by 2027
South Korean President Yun Suk-yel has announced an ambitious plan to invest in the development of artificial intelligence and advanced semiconductors. With investments of approximately $7 billion through 2027, the country aims to strengthen its position as a global leader in these key technology areas.
South Korea, already known for such giants as Samsung and SK Hynix, is one of the leading manufacturers of memory chips that are critical for artificial intelligence systems. These companies play an important role in the country’s export-oriented economy, especially in the high-speed memory segment.
In the context of the global race for dominance in chip manufacturing, especially given the geopolitical tensions around Taiwan and competition between the US and China, South Korea, along with Japan and the West, is betting on increasing domestic chip production. This decision is part of a broader strategy to strengthen national security and technological independence.
The government’s investment program provides for the allocation of 9.4 trillion won ($6.94 billion) for the development of artificial intelligence and semiconductors used in AI systems, as well as the creation of a special fund of 1.4 trillion won ($1 billion) to support innovative technology companies.
These initiatives come at a time when the semiconductor industry is going through a period of intense competition between countries, which President Yun described as “industrial and all-out war.” With this in mind, South Korea is striving not only to maintain but also to significantly strengthen its position in the global arena of technology and innovation.
This move is part of a broader trend in which leading global economies, including the United States and Japan, have announced large-scale investments and subsidies to develop domestic chip manufacturing, which is critical to national security and economic progress.
