The South Korean government said Friday it plans to establish a new strategic investment account within the state-run Korea Investment Corporation (KIC) with at least 20 trillion won, or about $14 billion, in initial funding.
The fund is expected to begin operations next year after lawmakers consider amendments to the Korea Investment Corporation Act.
According to the Ministry of Economy and Finance, the fund will focus on long-term investments in AI, data centers, infrastructure and other strategic sectors, including semiconductors, robotics, biotechnology, aerospace and energy-related projects.
The government said the move is intended to help…
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