South Korea approves funding support for AI-related solar plant, chips projects
( October 30, 2026, 01:41 GMT | Official Statement) -- MLex Summary: South Korea on Thursday approved plans to provide 440 billion won ($298.9 million) in financial support from a state-backed fund for four future technology projects, including the construction and operation of what will be the country’s largest solar power plant in a southwestern county and two semiconductor-related projects. The Financial Services Commission said the four projects, three of them related to growing demand for chips from the artificial intelligence industry, have a combined value of 1.04 trillion won and that support from the National Growth Fund will take the form of investment or loans. The latest commitments will bring the total amount pledged by the fund through direct and indirect financing arrangements to 22.3 trillion won so far this year, compared with a 30 trillion won target for all of 2026, the commission said.The statement is attached (in Korean)....
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