South Korea Plans Record Budget With Bold AI Spending
South Korea's government has pledged bold investment in AI as part of a record budget push. Its administration proposed in September raising government spending by a record 12.8% next year, to 820.9 trillion won. The aim is to strengthen the country's technology edge as global competition over AI heats up.
Quick glossarySouth Korea, won
- South Korea
- A country in East Asia known for tech giants like Samsung and for its fast-growing electronics and entertainment industries.
- won
- The money used in South Korea, a country whose currency is worth far less than one dollar.
Burning Potato score: 65%