The Financial Services Commission announced on October 22 that it will propose amendments to the Korea Development Bank Act to include aerospace and quantum industries as eligible sectors for the National Growth Fund by December 1.
This amendment follows the Financial Services Commission's report on its second-half work plan. After consulting with relevant ministries, the commission plans to designate the aerospace sector, which includes satellites, lunar economy, and launch vehicles, as well as quantum computing, as industries eligible for support from the National Growth Fund due to their strategic national importance and the need for large-scale, long-term investments.
Previously, the fund supported 12 sectors, including semiconductors, secondary batteries, displays, biotechnology, robotics, artificial intelligence, vaccines, future transportation, hydrogen, content, and critical minerals.
During the legislative notice period, anyone can submit opinions to the Financial Services Commission. The amendment is expected to be finalized following approval from the Cabinet meeting.
* This article has been translated by AI.
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