South Korea Plans to Invest $14 Billion in Sovereign Wealth Fund to Boost AI and Data Centers

BlockBeats News, July 31st, according to Bloomberg, the South Korean government plans to inject 20 trillion South Korean won (about $13.9 billion) into the Korea Investment Corporation (KIC), the sovereign wealth fund, specifically for strategic investments in artificial intelligence, data centers, and infrastructure.

Source #Market Trends #South Korea

Correction/Report

RelatedRecommended

JPMorgan Deciphers South Korea's AI Strategy: Doubling Down on Memory, Samsung and SK Pin the Shortage to 2040

$3.1 trillion to Pour into AI Memory, South Korea Aims to Double Capacity in Five Years

South Korea Cryptocurrency Market Special Report: Digital FOMO Island amidst Kimchi Premium

Monitor the Korean market to help you find the next pump

"Follow the Korean market to boost token revenue"

Unveiling the truth behind the frenzy in the Korean crypto market.

South Korean financial regulatory authorities reveal the true face of the South Korean virtual asset market, including trading volume, revenue status, number of practitioners, number of users, and user preferences.

Data analysis of South Korea’s CEX status and investor behavior

As of June 2023, the number of cryptocurrency investors in South Korea reached approximately 6 million, which is an astonishing number and accounts for more than 10% of the total population of South Korea.

On-Chain Activity