In its policy briefing, the Financial Services Commission (FSC) has announced a newly launched mega-sized Public Growth Fund which will first be used to support the AI, semiconductor and battery sectors. The FSC has selected seven projects to be first funded by the 150 trillion-won (US$101.5 billion) fund. The projects include the development of advanced AI chip production facilities, large-scale GPU clusters (using the recently purchased GPUs from Nvidia), a national AI computing center and materials for secondary batteries. According to the FSC, over 30 trillion won will be invested in 2026, with the initial investments including 6 trillion won for the AI sector, 4.2 trillion won for the semiconductor segment and 3.1 trillion won in future mobility.
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