KOREA HAS SET UP A 1 TRILLION WON AI INFRASTRUCTURE FUND FOR DATA CENTRES AND ENERGY FACILITIES

THE MINISTRY OF SCIENCE, TECHNOLOGY AND INFORMATION COMMUNICATIONS ANNOUNCED THAT IT WOULD WORK WITH THE KOREA INDUSTRIAL BANK TO ESTABLISH AN AI INFRASTRUCTURE FUND OF UP TO 1 TRILLION WON TO ACCELERATE THE CONSTRUCTION OF A NATIONAL ARTIFICIAL INTELLIGENCE INFRASTRUCTURE, WITH A FOCUS ON FUTURE STRATEGIC INDUSTRIES SUCH AS THE NEXT GENERATION OF AI DATA CENTRES AND POWER AND ENERGY INFRASTRUCTURE, AND JOINTLY TO TAP INTO HIGH-QUALITY AI INFRASTRUCTURE PROJECTS, WHILE PROVIDING FINANCIAL SECURITY FOR THE CONSTRUCTION OF CORE INFRASTRUCTURE FOR THE AI ERA。