Live Updates > Live Update Details
2026-07-15 11:24:12
[South Korea Establishes Strategic Technology Investment Agency, Plans to Invest 10 Trillion Won Over Five Years] (1) The South Korean government has decided to establish the "Korea Strategic Technology Partnership" (KSTP) as a management agency specifically responsible for long-term, large-scale investments in future strategic technology fields, aiming to build a systematic foundation for strategic technology investment. (2) This agency will pool public and private investment resources to cultivate core technologies into national strategic assets. At a policy press conference on July 15, the Financial Services Commission of South Korea pointed out that technological sovereignty and capital investment capabilities determine the fate of the nation and enterprises, but the current strategic technology investment system at the public and private levels is still imperfect. (3) To this end, the government plans to invest up to 10 trillion won over the next five years to cultivate the next generation of strategic technologies in order to strengthen the country's long-term competitiveness.
