South Korea establishes a $120 billion fund to invest in AI and semiconductors

AASTOCKS
2025.09.10 07:23

South Korean President Lee Jae-myung stated that South Korea will establish a public-private joint fund with a scale of 150 trillion won (120 billion USD), larger than the initially proposed 100 trillion won, to support investments in AI and other advanced industries.

Lee Jae-myung mentioned that major countries, including the United States and China, are expanding government support for cutting-edge strategic industries. The new fund will accelerate AI applications across various fields and channel resources into key industries such as semiconductors, energy storage batteries, biotechnology, energy, hydrogen energy, defense, vaccines, and robotics over the next five years.

He noted that the plan will include a 75 trillion won government-backed strategic industry fund and 75 trillion won in private sector investment, hoping that the fund can provide opportunities and returns in emerging fields and support venture capital and startups, bringing in private capital for businesses. (mn/)

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