Gov't expands national growth fund to 150 tril. won to boost AI, strategic industries

The Lee Jae Myung administration announced an expansion of the so-called National Growth Fund, a government-led public-private initiative for strategic economic growth, increasing its scope from the originally pledged 100 trillion won ($72 billion) to 150 trillion won. The fund is designed to accelerate long-term support for 10 key advanced industries, including artificial intelligence (AI), semiconductors and biotechnology, aiming to revitalize Korea’s economy through industrial restructuring. Speaking at a livestreamed public briefing on the National Growth Fund in Seoul Wednesday — attended by government ministries, industry leaders, startups, venture firms and financial institutions — the president said the initiative would inject new vitality into Korea’s stagnant industries. “Korea is at a critical turning point: whether to continue in prolonged low growth with weakened competitiveness in our key industries, or to leap forward as a developed nation. The National Growth Fund will inject new energy into our stagnant industries,” Lee said. “We had initially discussed aWeiter zum vollständigen Artikel bei Korea Times Weiter zum vollständigen Artikel bei Korea Times