South Korean President Lee Jae-myung delivered his first budget speech on November 4, 2025. He called for a major increase in AI spending. Lawmakers heard his plan to triple investments in artificial intelligence.
Additionally he unveiled a 728 trillion won budget for 2026. This represents an 8.1 percent rise from the current year. Officials aim to position South Korea as an AI leader.
Details of the Proposal
President Lee allocated 10.1 trillion won to AI projects. This amount triples the previous spending. He stressed the need to build an AI highway for the nation.
Furthermore 2.6 trillion won targets AI integration in industries and daily life. Another portion supports public sectors. As a result South Korea seeks global competitiveness in technology.
Reasons for the Push
Lee explained that AI drives future growth. He urged bipartisan support to pass the budget. However, opposition parties raised concerns about fiscal balance.
Meanwhile he linked AI to national security and the economy. Experts note this aligns with global trends. Consequently the speech highlighted innovation priorities.
Reactions and Support
Business leaders welcomed the plan. They see opportunities in AI development. Nevertheless, critics worry about debt increases.
In addition, international observers praised the ambition. They compare it to investments in the U.S. and China. South Korea joins the AI race.
Future Implications
This budget could transform industries. It promises jobs and advancements. Yet implementation requires careful oversight.
