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AI & Enterprise

South Korea to invest 4 trillion won next year in seven SEED future growth drivers

South Korea plans to invest about 4 trillion won next year in seven future growth engines spanning SMRs, nuclear fusion, renewable energy, quantum, aerospace, advanced bio and advanced supply chains. It also plans to invest more than 200 trillion won in national research and development over 2026-2030 and to push ahead with the K-Moonshot initiative to tackle scientific and technological challenges using AI. The science ministry discussed related plans at a ministerial meeting in Seoul.

Industry

Government to set up future response fund based on 162.3 trillion won in extra tax revenue, double megaproject budget

South Korea’s government plans to create and set aside a 162.3 trillion won future response fund in its 2027 budget, allocating 45.4 trillion won to four areas: youth, growth engines, regions and education and talent. Spending for “three megaprojects plus AI” covering semiconductors, physical AI and AI data centres rises 97.2 percent to 21.3 trillion won. Total 2027 spending is set at 820.9 trillion won, up 12.8 percent.

Industry

South Korea to create 2.6 trillion won special account for semiconductor support in 2027

South Korea will create a special account in 2027 to manage semiconductor support spending as a separate funding pool, with a total size of 2.6 trillion won. The Ministry of Trade, Industry and Energy will oversee 2.1 trillion won of that amount. The ministry proposed a record 2027 budget of 13.26 trillion won, up 40.5 percent from 2026, and said non-R&D spending drove the increase. It also set new spending for AI data centres.