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South Korea vows swift execution of fresh funding to shore up AI capabilities

By Choonsik Yoo ( April 18, 2025, 06:03 GMT | Insight) -- South Korea’s science ministry said it will secure 1.8 trillion won (about $1.27 billion) in fresh funding to support projects aimed at strengthening the country’s artificial intelligence capabilities once the parliament approves the government’s supplementary budget bill. The ministry will spend the money to secure 12,600 high-end GPUs from abroad and from the domestic private sector, support local developers of AI chips such as neural-processing units and software, increase an investment fund for AI startups and expand talent-attraction programs.South Korea’s science ministry said it will secure 1.8 trillion won (about $1.27 billion) in fresh funding to support projects aimed at strengthening the country’s artificial intelligence capabilities once the parliament approves the government’s supplementary budget bill....

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