South Korea's Big Plans for Economic Growth

South Korea is making some big moves to boost its economy. The finance ministry is planning to create a sovereign wealth fund, similar to those in Singapore and Australia, by the first half of next year. This fund will help manage state-owned properties worth a whopping 1, 300 trillion won. The goal? To expand public housing and support key industries like AI and renewable energy. But that's not all. South Korea is also setting up a special fund to support exports and overseas business deals. This is part of a bigger plan to become a global leader in physical AI, like robots and smart cars. The government is aiming for at least 1. 8% economic growth by being proactive in fiscal policies and boosting consumption, investment, and exports. The finance ministry is also considering easing regulations for holding companies. This could mean more flexibility for advanced industries that need big investments, like semiconductors. On top of that, there's a plan to restructure fiscal and tax policies to better allocate assets and encourage capital flow into productive sectors. South Korea is also looking to invest heavily in the U. S. under a bilateral tariff deal. The government will establish a strategic investment corporation and a special fund to select commercially rational projects. To ensure everything runs smoothly, a special law will be legislated to monitor the effects on the Korean economy and the foreign exchange market. In addition, a new committee on economic security will be set up to tackle supply chain disruptions. This shows that South Korea is serious about securing its economic future and ensuring stability in the face of global challenges.