South Korea's Acting President Choi Sang-mok Announces Billion-Dollar Plan for Homegrown ChatGPT Development on February 19

Choi Sang-mok, the acting president of South Korea and Minister of Economy and Finance, announced plans to develop a homegrown AI model akin to ChatGPT. During a meeting with young scientists on February 19, he emphasized the government's commitment to creating an environment conducive to research and innovation. On February 20, he reiterated the goal of establishing South Korea as a leading nation in artificial intelligence, stating that the government would provide comprehensive support for the development of top-tier AI models. Choi highlighted the importance of collaboration between the public and private sectors to enhance the nation's AI capabilities. He also mentioned that a detailed household debt management plan is set to be announced later in February, indicating that household debt levels remain relatively stable.