South Korea Injects $13.9 Billion into Sovereign Wealth Fund for AI, Data Centers, Infrastructure
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South Korea plans to inject $13.9 billion (20 trillion won) into its sovereign wealth fund for strategic investments in artificial intelligence, data centers, and infrastructure. This move expands the fund's mandate to include domestic assets following a rout in technology stocks. The announcement has led to a surge in South Korea's stock market KOSPI, with SK Hynix and Samsung Electronics jumping more than 25%.
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