President Yoon Suk Yeol led the inaugural meeting of the Presidential Committee on AI at the Four Seasons Hotel in Seoul, where he emphasized his administration's commitment to bolstering South Korea's artificial intelligence capabilities. Private-sector tech companies in the country also pledged to invest $49 billion in AI-related projects by 2027, with the promise of receiving tax benefits in return. The government plans to establish two national AI computing centers through a public-private partnership, with a focus on significantly enhancing the nation's supercomputing infrastructure to handle 2 exaflops operations per second. Yoon highlighted that these initiatives, coupled with deregulations to spur AI innovations, aim to drive the transition towards AI in South Korea's industry and society. He expressed optimism that these efforts, along with the collaboration between public and private sectors, could propel South Korea to be among the top three countries globally in terms of national AI capabilities by 2027. The Presidential Committee on AI, chaired by Yoon, will play a pivotal role in formulating national AI policies and presenting a comprehensive AI blueprint for the country's advancement in this field.