On September 10, 2025, South Korean President Lee Jae-myung made an announcement stating that South Korea will create a public-private partnership fund valued at KRW 150 trillion (roughly equivalent to RMB 1.1 trillion). This fund will be primarily directed towards investing in advanced technological industries, encompassing AI, semiconductor chips, robotics, biopharmaceuticals, defense technology, future automobiles, and batteries. The overarching goal is to enhance South Korea's global competitiveness in the realms of cutting-edge manufacturing and digital technology.
