Korea targets AI, chips, batteries with W150tr growth fund

The South Korean government has designated seven sectors, across artificial intelligence, semiconductors and batteries, as the first strategic areas to receive support from the country’s 150 trillion won ($100 billion) growth fund, according to a policy briefing by the Financial Services Commission, Friday. Named “Public Growth Fund,” the public-private fund is one of the key economic pledges made by President Lee Jae Myung. For the first round of execution, the support will be directed at seven