National Growth Fund expands to 200 trillion won in investment over 5 years

The scale of investment over five years in the National Growth Fund, a fund for fostering advanced industries promoted by the Lee Jaemyung administration, will increase from 150 trillion won to 200 trillion won. The Financial Services Commission announced in a work report to the Blue House on the 15th that it would expand the annual operating scale from 30 trillion won to 40 trillion won and newly include the space and aviation industries among its investment targets. The fund will broaden its investment scope not only to the existing 12 industries, including semiconductors, displays, artificial intelligence, and biopharmaceuticals, but also to future strategic technologies such as quantum computers. It also plans to expand direct equity investment to more than 5 trillion won per year starting in 2027, and accordingly intends to establish a new committee for risk management and postinvestment management. The government also plans to establish Korea Strategic Technology Partners (KSTP, tentative name), a specialized asset manager that will make longterm investments in future technologies together with private financial institutions. Along with this, it intends to strengthen the allocation of funds to regional areas and the targets for policy finance institutions to expand supply outside the Seoul metropolitan area, with the goal of reducing the funding gap between regions.