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South Korea to boost ICT R&D spending by nearly 3 trillion won in 2027

South Korea's Ministry of Science and ICT announced a plan to allocate almost 3 trillion won to ICT research and development in 2027, a 23.6% rise from the previous year.

In a budget-planning workshop held in central Seoul, the Ministry of Science and ICT outlined a proposal to devote nearly 3 trillion won to information and communications technology research and development for the 2027 fiscal year, representing a 23.6 percent increase over 2026. The allocation sits within a total R&D budget of 39.5 trillion won and concentrates on five strategic pillars: the government's three mega projects, next-generation AI technologies, AI transformation, future-technology development and talent cultivation.

For the mega projects, 662.1 billion won will be directed toward physical AI, AI semiconductors and data-center research, with the largest single chunk—384.9 billion won—aimed at building a full-stack AI ecosystem from foundational models to accelerators. Sovereign AI initiatives will receive 431.1 billion won, including 169.1 billion won for cybersecurity research. The future-technology segment earmarks 338.9 billion won for quantum computing and next-generation networking to create an “AI expressway.” Finally, 354.4 billion won will support talent development and the expansion of joint research hubs with international scholars.

Why it matters

The funding signals South Korea's effort to stay competitive in the global AI race and to build domestic tech capabilities.

In this story

South KoreaICT researchAI3 trillion won2027 budgetAI semiconductorsquantum technologytalent development
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