South Korea plans new sovereign wealth fund to back AI, robots, supply chains

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South Korea plans new sovereign wealth fund to back AI, robots, supply chains

South Korea plans to establish a strategic investment account with at least 20 trillion won in assets within the Korea Investment Corporation in 2027 as it moves to strengthen its position in global advanced technology competition. According to Bloomberg , the fund will focus on artificial intelligence, robotics, and critical supply chains, while also extending to energy, batteries, power grid infrastructure, nuclear power, and quantum technology.

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