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South Korea gets $13.9bn investment pledge in AI, energy projects from Vena

( October 23, 2025, 02:31 GMT | Official Statement) -- MLex Summary: South Korea announced Thursday that Singapore-based Vena Group has pledged to invest about 20 trillion won ($13.9 billion) in the country’s artificial intelligence industry, focusing on renewable energy and data center projects. The Ministry of Science and ICT and the Ministry of Climate, Energy and Environment said Vena Group submitted a letter of intent outlining the investment plans, adding that the move follows a memorandum of understanding that BlackRock signed with the South Korean government in September. Vena describes itself as a “green solutions” provider for the Asia-Pacific region, while the South Korean government identified the company as a subsidiary of BlackRock.The statement, in Korean, is attached....

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