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South Korea will follow Singapore, Norway, and the UAE in establishing a national sovereign wealth fund to bridge the gap caused by insufficient corporate and private capital. This will be advantageous for gaining an edge in capital-intensive fields like AI. In fact, chaebols are quite common in Korea. Once, I visited a Samsung client, and Lee Jae-yong's entourage and team were comparable to that of a head of state. This indicates that from the West to the East and to the Middle East, there is an understanding of the logic of concentrating efforts on major projects.
#Ai #Web3