Skip to Primary Navigation

South Korea signals deregulation to attract investment in AI and strategic industries

South Korean President Lee Jae Myung.
President Lee is keen on boosting investment in strategic industries such as AI. Photo: Ahn Young-Joon – Pool/Getty Images

National Fund aims to restructure economy from manufacturing to high-tech, with a special focus on AI.

When South Korea announced the establishment of a 150 trillion won (more than $107 billion) National Growth Fund in September, it was easy for observers to get distracted by the numbers and ignore other important elements in a detailed government statement.

The five-year plan to generate the figure included encouraging