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South Korea to enlarge strategic industry fund by 50% to $109bn

( September 10, 2025, 06:23 GMT | Official Statement) -- MLex Summary: South Korea said it plans to establish a 150 trillion won ($109 billion) fund over the next five years to invest in artificial intelligence, semiconductor, biotech, robotics, future mobility and other strategic industries. The planned amount is 50 percent larger than the 100 trillion won initially announced. A new investment fund to be created by the state-run Korea Development Bank will provide half of the total, with the rest coming from private investors including financial companies and the public, according to a statement issued after a meeting presided over by President Lee Jae Myung.The statement, in Korean, is attached....

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