South Korea’s Ministry of Science and ICT said the country plans to launch a 4.7 trillion won frontier artificial intelligence model development project in March 2027, a program valued at about $3.5 billion. The ministry said the initiative is intended to help South Korea secure a place in the race for cutting-edge AI.
The project still depends on the National Assembly approving the 2027 budget in December. After that, the government plans to choose a lead developer through an open bidding process, with the winning bidder potentially announced as early as February.
South Korea said it will combine state equity investment with private capital for the effort. It also plans to concentrate computing chips, data, and talent into the project. The program will be open to a range of participants, including a single company, business consortiums, and special purpose entities. The government said it wants startups, companies, universities, and researchers to play leading roles in the initiative.
South Korea’s Ministry of Science and ICT said the country plans to begin a frontier artificial intelligence model development project in March 2027, with a total budget of 4.7 trillion won, or about $3.5 billion.
The ministry said the project is intended to help South Korea secure a place in the race for advanced AI.
Under the plan, the National Assembly must approve the 2027 budget in December. The government would then select a lead developer through an open bidding process, and the winning bidder could be announced as early as February.
South Korea said it plans to combine state equity investment with private funding. It also intends to direct computing chips, data, and talent into the project.
The program will be open to multiple types of participants, including a single company, business consortiums, and special purpose entities. The government said it wants startups, companies, universities, and researchers to take leading roles in the effort.
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