What Happened
Seoul Unveils Ambitious Expansion Plans For Strategic Industries
The South Korean government has unveiled a new $14 billion state investment vehicle aimed at keeping the country at the centre of the AI boom. The government plans to establish a strategic investment account within the state-run Korea Investment Corporation, which will target AI, datacentres, semiconductors, robotics, biotechnology, aerospace, and other strategic industries. SK Hynix has also announced ambitious expansion plans, including a $38.3 billion investment up to 2031. This investment was reported by Unknown Source.