Market Chatter: South Korea Launches 5 Trillion Won Fund for High-Tech, Minerals Industries

MT Newswires Live

Sep 09, 2024

South Korea established a 5 trillion won fund to support high-tech and minerals industries, with an aim to mitigate supply chain risks, Pulse News reported Friday.

The fund, managed by the Export-Import Bank, will target sectors such as semiconductors and energy resources, with strict usage guidelines to ensure focus on supply chain stability, the report said.

The fund was officially launched at a ceremony in Seoul on Thursday.

(Market Chatter news is derived from conversations with market professionals globally. This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)

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