South Korea to expand fund for AI, strategic industries to more than $100bn

By Choonsik Yoo ( September 10, 2025, 07:31 GMT | Insight) -- South Korea will expand its public-private National Growth Fund, to be amassed over five years, by 50 percent to 150 trillion won ($109 billion) to double down on a government-led drive to foster development of artificial intelligence, semiconductors, biotech and other strategic industries. President Lee Jae Myung framed the decision as a response to intensifying global competition, describing the rush into advanced sectors by countries such as the US and China as “a war without gunfire.”South Korea has decided to increase a public-private fund to invest in artificial intelligence and other strategic industries by 50 percent to 150 trillion won ($109 billion) to overcome what the country’s president described as “a war without gunfire” in which most countries are struggling to survive....

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South Korea to expand fund for AI, strategic industries to more than $100bn

Prepare for tomorrow’s regulatory change, today

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