South Korea's AI chip budget goes unspent through August

South Korea's AI semiconductor development program, led by the Ministry of Trade, Industry and Resources, had spent nothing by the end of August 2026, even as the government aims to join the global top three AI powers.

• MOTIR's AI semiconductor program spent no funds through August 2026
• South Korea targets a spot among the global top three AI powers
• The unspent budget casts doubt on the program's timeline