South Korean financial regulator briefs presidential committee on national fund plan, AI push
( June 19, 2025, 08:36 GMT | Official Statement) -- MLex Summary: South Korea’s financial regulator briefed the newly launched presidential planning committee today on its core policy agenda, including support for advanced industries, small business debt relief and financial reforms to spur economic recovery. The Financial Services Commission outlined a plan to mobilize over 100 trillion won (about $72.5 billion) through a “national fund” to support strategic sectors such as artificial intelligence, in line with the government’s goal of becoming one of the world’s top three AI powers. It also discussed financial-sector measures included in the second supplementary budget, with a focus on easing debt burdens for small businesses and self-employed workers. Other topics included improving capital market trust, consumer protection and financing for green energy. Jeong Tae-ho, head of the committee’s first economic subcommittee, urged the regulator to deliver tangible progress on long-standing issues such as venture scale-up and AI and data utilization, and called for detailed plans to establish the national fund and ensure that both the tech sector and the public benefit from its growth.The statement, in Korean, is attached....
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