Korea Launches 150 Trillion Won National Growth Fund for High-Tech Industries

Financial Services Commission Chairman Lee Eog-weon, Celltrion (068270.KS) Chairman Seo Jung-jin, and Mirae Asset Group Chairman Park Hyun-joo, along with other key participants, attended the launch ceremony of the National Growth Fund held at Korea Development Bank headquarters in Yeongdeungpo-gu, Seoul, on January 11.

The National Growth Fund, launched on this day, will invest 150 trillion won in advanced industries including artificial intelligence, semiconductors, biotechnology, and robotics. Park Hyun-joo, chairman of Mirae Asset Group, and Seo Jung-jin, chairman of Celltrion, have joined the public-private joint strategy committee that will discuss fund management strategies and resource allocation.