MSIT Takes a Great Leap Forward to Make Korea a Globally Irreplaceable Nation through AI and Advanced Technologies

- MSIT announced a 2027 budget of 29.6 trillion won, the largest-ever budget and a 24.5% increase from 2026.- The ministry plans to make strategic investments centered on the “Three Megaprojects + AI” and the “Seven SEED Projects (future growth engines)” to secure national competitiveness.South Korea’s government approved the budget for fiscal year 2027 at the State Council on Tuesday, September 1. The Ministry of Science and ICT (MSIT, Deputy Prime Minister and Minister: Bae Kyung-hoon) announced that a total of 29.6 trillion won has been earmarked for the ministry, a 24.5% increase (5.8 trillion won) from this year’s supplementary budget. As next year’s budget is effectively the first budget proposal led by the current government, with a focus on delivering tangible results under its policy agenda, MSIT has drawn up the largest-ever budget for AI and science and technology to realize Korea’s future potential based on fiscal space secured through intensive expenditure restructuring.MSIT’s core investment areas include 1) accelerating AI transformation, 2) securing Next AI and advanced technologies, and 3) supporting balanced growth based on science and technology and d...