South Korea Unveils Over $1 Trillion AI and Chip Investment Plan

South Korea disclosed a major funding initiative on June 29 2026. The plan targets artificial intelligence research and development. It also focuses on expanding the country's semiconductor manufacturing capacity. The announced budget exceeds one trillion U.S. dollars. Officials say the investment aims to boost national competitiveness. The strategy is expected to attract domestic and foreign partners. It aligns with broader efforts to secure a leading role in tech. Implementation details will be outlined in upcoming policy documents.