South Korea launches KSTP, pledges to invest 10 trillion won to support strategic technologies

Golden Ten Data, July 15 – The South Korean government has decided to establish the "Korea Strategic Technology Partner" (KSTP), a management institution exclusively responsible for ultra-long-term and large-scale investments in future strategic technologies. This move aims to build a systematic foundation for strategic technology investment and to pool public and private investment resources, turning core technologies into national strategic assets. At the joint policy conference themed "Achieving an Irreplaceable Korea through Economic Leapfrogging" held on the 15th, the Korean Financial Services Commission stated: "Securing technological sovereignty and capital investment capabilities determines the fate of nations and companies. However, our current systematic foundation for strategic technology investment in both the public and private sectors remains insufficient." The commission added: "In the next five years, we plan to invest up to 10 trillion won to cultivate future strategic technologies."