South Korea's Ministry of Science and ICT said the government plans to launch a 4.7 tln won (about $3.5 bln) advanced AI model development project from March 2027. The ministry said a lead developer will be selected by open tender after parliament approves the 2027 budget in December, with the winner possibly announced as early as February. The government intends to combine state equity investment with private capital and to concentrate compute chips, data and talent into the programme. The proj

South Korea's Ministry of Science and ICT said the government plans to launch a 4.7 tln won (about $3.5 bln) advanced AI model development project from March 2027. The ministry said a lead developer will be selected by open tender after parliament approves the 2027 budget in December, with the winner possibly announced as early as February. The government intends to combine state equity investment with private capital and to concentrate compute chips, data and talent into the programme. The project will be open to single firms, corporate consortia and special-purpose vehicles, and aims to let startups, corporates, universities and researchers play leading roles.