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Bio, display, mobility picked as next focus of public growth fund

Published: 14 Apr. 2026, 18:31

Financial Services Commission Chairman Lee Eog-weon speaks during a Cabinet meeting at the then-presidential office in Yongsan District, central Seoul, in September 2025. [JOINT PRESS CORPS]

The second round of investment by the megasized public growth fund will be mainly focused on the bio, display and mobility sectors, the financial regulator said on Tuesday.

The Lee Jae Myung government launched the 150 trillion won ($101.6 billion) fund late last year to support seven projects, including AI adoption, secondary batteries and biotechnology, over the next five years.

So far, the fund has decided to funnel approximately 6.6 trillion won into four projects, including the construction of an offshore wind farm and an AI chip production facility.

The investment review committee of the fund has selected the next investment destinations — bio, display and mobility — and will discuss how to fund investment projects in the sectors, according to the Financial Services Commission (FSC).

The regulator said that around 10 trillion won will be invested in the second batch of investments.

“The projects to be funded by the second batch of investment from the public growth fund will have a significant ripple effect on the overall industrial sector while also contributing to invigorating regional economies,” FSC Chairman Lee Eog-weon said in a review committee meeting.

The second round of the fund's investment projects will be financed by a 35 trillion won private government fund and a direct investment fund worth 15 trillion won.

Earlier, the FSC said that over 30 trillion won would be invested throughout this year, along with the initial investments, including 6 trillion won for the AI sector, 4.2 trillion won for the semiconductor segment and 3.1 trillion won in future mobility.

Yonhap