Seoul to launch fund promoting industrial growth, manufacturing AI transformation

A fund dedicated to supporting projects aimed at promoting South Korea's industrial growth and artificial intelligence transformation of the manufacturing industry will be created, with an anchor investment of at least 1 trillion won ($665.5 million), the industry ministry said Monday. The so-called industrial growth fund has been designed to support the Seoul government's key economic initiatives, including the manufacturing AI transformation (M.AX), balanced regional growth and fostering of ne