Korea Joongang Daily
Korea JoongAng Daily

Conglomerates' bid to ease commerce, finance separation should be 'last resort': FTC

Relaxing Korea’s longstanding separation of commerce and finance would be a last resort measure to meet conglomerates’ calls for greater investment in the booming AI and semiconductor sectors, said the Fair Trade Commission (FTC) on Friday.

2025-11-23

Korea pledges $100 million contribution to Global Fund for 2026-28

Korea has pledged to contribute $100 million to the Global Fund for three years, beginning in 2026, reaffirming its commitment to international efforts to combat major infectious diseases, according to the Ministry of Foreign Affairs on Saturday.

2025-11-22

FSC chairman says National Growth Fund will prioritize AI, semiconductors

The National Growth Fund — a strategic fund for advanced industries that is set to launch next month — will prioritize investment in AI and semiconductor companies, Financial Services Commission (FSC) Chairman Lee Eog-weon said on Wednesday.

2025-11-12

Hana affiliates creating mega-fund for strategic investments in key venture sectors

Hana Financial Group said Wednesday it will invest heavily in Korea’s high-tech industries through a mega-fund jointly backed by six of its affiliates.

2025-11-12

SME minister to push for pension funds to invest in startups

Korea plans to allow pension funds to invest in venture capital to expand the size of the country’s venture investment market to 40 trillion won ($27.7 billion), said Han Seong-sook, Minister of SMEs and Startups, on Wednesday.

2025-11-06

WSJ calls Trump's $350 billion demand of Korea 'unrealistic'

The $350 billion investment fund for the United States, a key point of contention in follow-up negotiations between Seoul and Washington, has been met with criticism within as not being achievable.

2025-10-22

Woori to invest $57B over 5 years in advanced industries, underserved community support

Woori Financial Group will invest 80 trillion won over the next five years in advanced industries like AI and biotech, as well as on support for underserved communities.

2025-09-29

Lee pledges support for third venture boom targeting young entrepreneurs

President Lee Jae Myung, who designated this week as “Youth Focus Week,” pledged Wednesday to foster a “third venture boom” driven by startups.

2025-09-17

Coupang joins 600 billion won gov't startup fund in 'unicorn hunt'

The Ministry of SMEs and Startups said that it has selected the fund of funds for the second regular investment program, committing 310 billion won to create 15 venture funds worth a combined 600 billion won, with Coupang getting involved.

2025-09-11

Vouchers for the people mean debt for local governments

As the government prepares to distribute a second round of consumption vouchers next month, local governments say they are straining to find the money to cover their share of the stimulus funds amid a fall in tax revenues.

2025-08-29