South Korea will increase the size of its Public Growth Fund to 200 trillion KRW, with a focus on aerospace and cutting-edge technology

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ME News, July 15 (UTC+8). The Financial Services Commission (FSC) of South Korea plans to expand the operating scale of the “Public Growth Fund” from 150 trillion won to 200 trillion won, and expand the investment scope to areas such as aerospace. According to a policy briefing, the Financial Services Commission will increase the fund’s annual operating scale from the current 30 trillion won to 40 trillion won, and the total operating scale over the next five years will reach 200 trillion won. The supported targets will also expand from the existing 12 major high-tech industries (semiconductors, displays, artificial intelligence, biotech, vaccines, robotics, future mobility, defense, secondary batteries, hydrogen energy, critical minerals, and the content industry) to new emerging strategic industries such as aerospace. In particular, long-term growth capital will be concentrated in three key projects: semiconductors, AI data centers (AIDC), and Physical AI. (Jinshi) (Source: ODAILY)
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