Search results for Korea Strategic Technology Partners
Finance
Financial watchdog to revamp bank CEO renewal process, expand National Growth Fund to 200 trillion won
South Korea\'s Financial Services Commission plans to overhaul financial sector governance, including changes to the process for renewing chief executives to block long-term control built on friendly boards. It also plans to expand the National Growth Fund to 200 trillion won and pursue a full lifting of network separation rules to support productive finance and artificial intelligence transformation. The FSC also outlined steps on inclusive finance, regional policy finance and capital market reforms.
Finance
Financial Services Commission to expand national growth fund to 200 trillion won, push KOSDAQ reform
South Korea’s Financial Services Commission will expand the National Growth Fund to 200 trillion won from 150 trillion won and supply up to 10 trillion won to national strategic technologies. It will broaden support to future strategic industries including aerospace and raise annual direct equity investment support to at least 5 trillion won. The commission also plans KOSDAQ market restructuring, tighter limits on duplicate listings, a shift to T+1 stock settlement and other measures to enhance shareholder value and governance.
Industry
Govt unveils \'K-Palantir\' strategy, targets five unicorns by 2030
South Korea\'s Ministry of SMEs and Startups, the Defence Ministry and the Korea Aerospace Administration said they will foster five new security companies valued at 1 trillion won or more and 50 innovation firms with sales of at least 100 billion won by 2030. The government plans to designate strategic areas such as drones, defence AI and semiconductors, space and cyber security. It will also revamp procurement, expand R&D funding and set up a Korea-style In-Q-Tel.