The Korea Times
The second round of investment by the mega-sized Public Growth Fund will be mainly focused on the bio, display and mobility sectors, the financial regulator said Tuesday. The Lee Jae Myung government launched the 150 trillion-won ($101 billion) fund late last year to support seven projects, including artificial intelligence (AI) adoption, secondary batteries and biotechnology, over the next five years. So far, the fund has decided to funnel some 6.6 trillion won into four projects that also include the construction of an offshore wind farm and an AI chip production facility. The investment review committee of the fund has selected the next investment destinations — bio, display and mobility — and will discuss how to fund investment projects in the sectors, according to the Financial Services Commission (FSC). The regulator said around 10 trillion won will be invested under the second batch of investment by the fund. "The projects to be funded by the second batch of investment from the Public Growth Fund will have a significant ripple effect on the overall industrial sector, while also
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