This is the new MLex platform. Existing customers should continue to use the existing MLex platform until migrated.
For any queries, please contact Customer Services or your Account Manager. Dismiss

South Korea establishes $34 billion fund to support key strategic industries

( March 5, 2025, 05:41 GMT | Official Statement) -- MLex Summary: The South Korean government will establish a 50 trillion won ($34 billion) fund to support key strategic industries, including semiconductors, artificial intelligence, rechargeable batteries, future mobility, robotics, displays and biotechnology, the finance ministry announced today, along with the trade ministry and the financial watchdog.  According to the joint statement, the government plans to inject the fund into the key sectors over the next five years. The ministry noted the urgency of the initiative, citing intensifying global competition in advanced technologies, growing geopolitical tensions over tariffs and the broader shift toward protectionist trade policies. The government is pushing for swift implementation and aims to submit related amendments to the National Assembly to expedite the rollout.The statement, in Korean, is attached....

Prepare for tomorrow’s regulatory change, today

MLex identifies risk to business wherever it emerges, with specialist reporters across the globe providing exclusive news and deep-dive analysis on the proposals, probes, enforcement actions and rulings that matter to your organization and clients, now and in the longer term.


Know what others in the room don’t, with features including:

  • Daily newsletters for Antitrust, M&A, Trade, Data Privacy & Security, Technology, AI and more
  • Custom alerts on specific filters including geographies, industries, topics and companies to suit your practice needs
  • Predictive analysis from expert journalists across North America, the UK and Europe, Latin America and Asia-Pacific
  • Curated case files bringing together news, analysis and source documents in a single timeline

Experience MLex today with a 14-day free trial.

Start Free Trial

Already a subscriber? Click here to login