South Korea will invest money from the Public Growth Fund in a project to build a national AI computing centre, supporting an AI infrastructure with 15,000 AI chips. A direct investment of 100 billion won in Upstage was also approved to secure sovereign AI. The Financial Services Commission said the fund approved four megaprojects and one regional SME support plan, bringing cumulative approvals to about 84 trillion won.

POSCO Future M will build its first overseas production base for synthetic graphite anode materials in Vietnam after receiving an investment registration certificate from Thai Nguyen province at a Korea-Vietnam business forum in Hanoi. The company plans to invest about 357 billion won, break ground on a first-phase plant in the second half of this year at the Song Cong 2 industrial complex, and begin mass production in 2028. It said it has secured customers for the first-phase volume.