South Korea Establishes Sovereign Wealth Fund for AI and Robotics

South Korea plans to invest over 1 trillion won ($707 million) into a new sovereign wealth fund next year, specifically targeting AI, robotics, and other strategic industries to boost its global competitiveness.

11 Aug, 23:00 — 11 Aug, 23:00

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bloombergHigh20d ago

Korea Sovereign Wealth Fund to Join Global Race for AI, Robotics

South Korea expects to deploy more than 1 trillion won ($707 million) of fresh capital into a new sovereign wealth fund targeting AI and other strategic industries next year, joining a global push by governments to mobilize investment and gain an edge in high-tech sectors.

By Jaehyun Eom and Shery Ahn

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South Korea Establishes Sovereign Wealth Fund for AI and Robotics

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Korea Sovereign Wealth Fund to Join Global Race for AI, Robotics

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