(LEAD) president-2027 budget

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SEOUL, Nov. 2 (Yonhap) -- President Lee Jae Myung on Monday pledged bold investment in artificial intelligence (AI) and other future growth engine industries to boost South Korea's economic growth potential.

Lee made the pledge in a speech at the National Assembly where he called for bipartisan support for the passage of the 2027 budget bill.

The government submitted the budget bill to the National Assembly in September, proposing 820.9 trillion won (US$614.5 billion) in total government spending next year, up more than 10 percent from this year, amid expectations of increased tax revenue stemming from a semiconductor boom.

"In order to boost the growth potential, which is the basic physical strength of our economy, (the government) will boldly invest in AI and future growth engines," Lee said.

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