South Korea has shelved plans for a standalone sovereign wealth fund modeled on Temasek and Australia’s Future Fund and will instead establish a strategic investment account inside the Korea Investment Corporation (KIC). The finance ministry said the account will invest domestically and overseas in areas critical to national competitiveness and economic security, targeting strategic industries such as nuclear and aerospace, core sectors including finance and infrastructure, and overseas supply c

2026-07-15

South Korea has shelved plans for a standalone sovereign wealth fund modeled on Temasek and Australia’s Future Fund and will instead establish a strategic investment account inside the Korea Investment Corporation (KIC). The finance ministry said the account will invest domestically and overseas in areas critical to national competitiveness and economic security, targeting strategic industries such as nuclear and aerospace, core sectors including finance and infrastructure, and overseas supply chains.