According to CoinMeta, South Korean President Lee Jae-myung announced in the National Assembly that the budget for 2027 will reach 820.9 trillion Korean won (approximately 610.14 billion US dollars), an increase of 12.8% from 2026. Of this amount, 213 billion won will be allocated for semiconductors, AI, and AI data centers, which is nearly twice the amount allocated in 2026. In addition, another 470 billion won will be used to develop what Lee referred to as the “world's highest-performance” sovereign AI model.