South Korea plans to inject 20 trillion won ($13.9 billion) into the Korea Investment Corporation to establish a new account targeting strategic investments in artificial intelligence, data centers, and infrastructure. Funded by public institutions and policy banks, this initiative expands the sovereign wealth fund's mandate to include domestic assets for the first time, following a recent rout in technology stocks.
South Korea sovereign wealth fund
- ▪The Korea Investment Corporation's mandate will expand to include domestic assets for the first time
- ▪South Korea plans to inject 20 trillion won ($13.9 billion) into its sovereign wealth fund, the Korea Investment Corporation
- ▪The South Korean government will fund the 20 trillion won account through sources including equity contributions from public institutions such as policy banks
- ▪South Korea's plan to expand the sovereign wealth fund's mandate follows a rout in technology stocks
AI investment strategy
- ▪The new account within the Korea Investment Corporation will target strategic investments in artificial intelligence
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