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Koreas Lee pitches for record budget to drive AI-led growth
Korea's Lee pitches for record budget to drive AI-led growth SEOUL, November 02 (AJP) - President Lee Jae Myung on Monday pitched South Korea’s largest-ever budget of 820.9 trillion won ($612.8 billion) for 2027 to accelerate the transition to artificial intelligence (AI) and modernize defense, channeling this year’s extraordinary chip windfall into stronger long-term growth. “We will invest boldly in AI and future growth engines to raise the growth potential that forms the fundamental strength of our economy,” Lee s November 2, 2026