[Work Report] National Growth Fund to Be Scaled Up to 200 Trillion Won... Lee: "The Remaining 3 Years and 11 Months Are Even More Important"

President Lee Chairs Ministry Work Reports
Support Expanded to Strategic Industries Such as Aerospace

The National Growth Fund will be scaled up from 150 trillion won to 200 trillion won over the next five years. The scale of direct equity investments will also increase from over 3 trillion won to more than 5 trillion won annually, supplying a total of 25 trillion won in long-term growth capital.

Yonhap News Agency

The Financial Services Commission announced this plan on July 15, during the second round of ministry work reports chaired by President Lee Jaemyung. The coverage of the National Growth Fund will be expanded from the existing 12 core advanced industries to future strategic sectors such as aerospace, supporting the country's goal to secure a technological edge in advanced industries.

In addition, a new 'Ultra-Long-Term Technology Investment Fund' will be created within the National Growth Fund's indirect investment sector, dedicated to long-term equity investments of 10 years or more in national strategic technologies such as next-generation semiconductors and bio-pharmaceuticals. A joint public-private investment institution, Korea Strategic Technology Partners (KSTP), will also be established to manage such long-term funds.

The presidential event held that day was themed "An Irreplaceable Korea That Can Be Felt in Everyday Life." This series of work reports will be conducted over nine sessions, targeting 140 public agencies, including the Office for Government Policy Coordination, 19 ministries, six agencies, 18 bureaus, and seven committees. The first recipients of these reports include the Ministry of Economy and Finance, the Ministry of Data and Statistics, the Financial Services Commission, and the Ministry of Planning and Budget. The event was also attended by 22 "citizen observers" in their 20s to 60s, including youth, office workers, small business owners, homemakers, and freelancers.

President Lee emphasized, "A year has passed, and you have delivered many achievements. The remaining three years and eleven months are even more important now." He added, "You must continue to prepare well for the long-term execution of policies that align with our national agenda, and also address existing problems. Both reform and innovation must be successful, and from the trajectory so far, I believe we are heading in the right direction."

This content was produced with the assistance of AI translation services.