South Korea's Ministry of Finance said on Wednesday that South Korea has committed $20 million to an Asian Development Bank trust fund to support artificial intelligence development projects. South Korea's Ministry of Finance and Economy held an annual consultation meeting with the Asian Development Bank in Seoul on the same day. The two sides signed a funding agreement for the “Korea Artificial Intelligence for Development Trust Fund” at the meeting. The fund aims to support the operation of the AI Innovation and Development Center. According to an agreement reached between Korea and ADB in May this year, the center will be established in Korea.

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