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Finance

FSC sets 9.24 trillion won budget for 2027, focusing on national growth fund and financial support for low-income people

South Korea\'s Financial Services Commission set its 2027 general-account spending budget at 9.24 trillion won, up 98.7 percent from this year. It said the plan focuses on boosting future growth, stabilising livelihoods for low-income people and supporting youth asset building. It allocated 1 trillion won to a National Growth Fund and set 1.08 trillion won for livelihood-related programmes, including policy lending. It also earmarked 2.09 trillion won for youth asset-building support.

Finance

Kwon Dae-young says National Growth Fund may consider startups for next investments

Kwon Dae-young (권대영), vice chairman of South Korea’s Financial Services Commission, said startups are being considered as the National Growth Fund’s next investment destination. Speaking after opening remarks at NextRise Seoul 2026 in Seoul, he said participating firms are targets of the fund. He also said 150 trillion won would be invested in advanced strategic industries and urged overseas institutional investors to pay attention to the KOSDAQ market.

AI & Enterprise

National Growth Fund bets 800 billion won on FuriosaAI, backs SK Bioscience too

South Korea\'s National Growth Fund will support domestic AI chipmaker FuriosaAI to expand mass production and develop next-generation chips, while also providing funding to Smilegate for an AI data centre project and to SK Bioscience for vaccine development and plant expansion. The Financial Services Commission approved five projects worth 4.14 trillion won, raising the fund\'s cumulative approvals to 12.5 trillion won across 16 projects. Support also includes loans for L&F Plus and funding for switchboard maker Geunu.