South Korea is making a significant push to become a major player in the global AI landscape. The country’s companies have pledged a combined 65 trillion won (approximately $48.9 billion USD) to invest in AI development by 2027. This ambitious investment plan, announced by the presidential office, signals South Korea’s determination to compete with leading AI nations.
The plan was unveiled during the inaugural meeting of the presidential committee on AI. This committee, established to develop a comprehensive AI strategy and coordinate research and development efforts, is tasked with guiding South Korea’s AI journey.
Park Sang-wook, the presidential secretary for science and technology, emphasized the crucial role of AI in national capabilities and economic growth. He stated, “It is a time when AI determines national capabilities and economic growth, becoming a key factor in the economy and security.” Highlighting the global race for AI dominance, he added, “The world’s major nations are staking everything on securing AI technology and leadership to win the digital supremacy competition.”
To achieve its ambitious goals, South Korea plans to establish a national AI computing center through collaboration between the government and private sector. This center will serve as a hub for AI research, development, and deployment, facilitating the transformation of various industries and societal sectors. The government also aims to encourage further private sector investment in AI, recognizing the critical role of industry participation in driving innovation.
By 2027, South Korea aspires to be among the top three global leaders in AI. This ambitious goal underscores the country’s commitment to becoming a driving force in the AI revolution, leveraging technology to enhance its economic competitiveness and national security.
