South Korea establishes a 1,000 trillion won national fund to invest in future strategic industries

President Lee Jae - myung stated at the third extraordinary Economic Inspection Special Task Force (TF) meeting held on the 30th that a national fund exceeding 1,000 trillion won will be established for investing in future strategic industries centered around artificial intelligence. The South Korean government plans to finalize and announce a new economic growth strategy in August. This meeting coincided with the National Fiscal Strategy Meeting, laying the foundation for next year's budget preparation. At the meeting, the Ministry of Economy and Finance stated that it will pursue "outcome - oriented fiscal management", while promoting strategic fiscal investment and strong expenditure structure adjustment.