South Korea to Ramp Up Budget Spending to Accelerate AI-Driven Economic Growth

South Korea’s government plans to increase next year’s budget spending at the fastest rate in four years, as the country’s new president prioritizes artificial intelligence as a central driver of economic growth. The move is part of a broader strategy to boost investment in emerging technologies, with AI at the forefront. The administration aims to strengthen the nation’s global competitiveness by accelerating innovation, expanding AI infrastructure, and supporting domestic tech startups. The increased funding will target key areas such as AI research and development, semiconductor advancements, and digital transformation across industries. Officials believe that strategic public investment in AI will help stimulate private sector activity, create high-skilled jobs, and position South Korea as a leader in the next generation of technology. The plan reflects a growing recognition that AI is not just a technological shift but a fundamental engine for future economic expansion.