The Financial Services Commission is expanding the National Growth Fund's support to include the aerospace and quantum industries.
On October 22, the commission announced that it will publicly notify a revision of the Korea Development Bank Act by December 1.
This revision follows the commission's earlier announcement during its second-half work report, where it stated plans to broaden the fund's support to include new strategic industries such as aerospace.
Previously, the fund supported 12 sectors, including semiconductors, secondary batteries, displays, biotechnology, robotics, artificial intelligence, vaccines, future transportation, hydrogen, content, and critical minerals.
The proposed revision adds the aerospace and quantum industries, which are deemed of national strategic importance and require large-scale, long-term investments. The aerospace sector includes satellites, lunar economy, launch vehicles, and civilian aircraft, while the quantum sector encompasses quantum computing, quantum cryptography, and quantum sensing.
During the public notification period, anyone can submit opinions on the proposed revision to the Financial Services Commission. The revision will be finalized after going through relevant procedures, including approval by the Cabinet meeting.
* This article has been translated by AI.
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