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South Korea plans to inject 20 trillion won into its sovereign wealth fund for strategic investments in artificial intelligence, data centers, and infrastructure. After the sharp decline in technology stocks, the fund's investment rights were broadened for the first time, allowing the allocation of local assets. According to an announcement issued on Friday, the South Korean government will set up a special account within the Korea Investment Corporation. According to the announcement, the minimum initial capital for this account is 20 trillion won, and the funding sources include equity contributions from public institutions such as policy banks. The announcement did not directly link this plan to the current market turmoil, but before the news came out, the South Korean stock market experienced a sharp decline this week; recently, the South Korean government has successively introduced a number of measures to stabilize the stock market.
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South Korea plans to inject 20 trillion won into its sovereign wealth fund for strategic investments in artificial intelligence, data centers, and infrastructure. After the sharp decline in technology stocks, the fund's investment rights were broadened for the first time, allowing the allocation of local assets. According to an announcement issued on Friday, the South Korean government will set up a special account within the Korea Investment Corporation. According to the announcement, the minimum initial capital for this account is 20 trillion won, and the funding sources include equity contributions from public institutions such as policy banks. The announcement did not directly link this plan to the current market turmoil, but before the news came out, the South Korean stock market experienced a sharp decline this week; recently, the South Korean government has successively introduced a number of measures to stabilize the stock market.
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