South Korea Plans New Sovereign Wealth Fund to Back AI, Robots, Supply Chains
6 Articles
6 Articles
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 , 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.
(Seoul = Yonhap News) Reporter Park Hyung-bin = SK Telecom [017670] is building a massive AI infrastructure by leveraging its specialized AI Data Center (AIDC) subsidiary, 'SK Hyper'...
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.
[Digital Daily Reporter Kang So-hyun] It is predicted that changes in the global artificial intelligence (AI) infrastructure market will present new opportunities for Korea. The argument is that as demand for AI data centers from global big tech companies grows rapidly, Korea can leap forward as the "Asian AI Infrastructure Hub" if it attracts big tech firms to the Asian market and secures capabilities for memory acquisition and fundraising. In…
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