Chairperson Lee Eog-weon of the Financial Services Commission said on the 19th that seven sites, including artificial intelligence (AI) and semiconductor business sites, were selected as candidates for the first project of the 150 trillion won Public Growth Fund.
Lee said at a policy briefing to President Lee Jae-myung held at the Government Complex Seoul annex that "for the first mega project of the Public Growth Fund, we selected seven items with large economic spillover effects across regions and industrial ecosystems, including AI, semiconductors, and secondary batteries."
The Public Growth Fund supports advanced strategic industries such as AI, semiconductors, bio, and robots. Starting next year, it will supply 30 trillion won annually for the next five years, totaling 150 trillion won. More than 40% of the total funds are slated to be invested in regions.
Lee said, "The financial and industrial sectors will work together to achieve another Korean success story."