0
President Lee Jae-myung speaks during a meeting with his senior secretaries at the Blue House on May 21. / Photo courtesy of Yonhap News Agency

The Blue House announced on May 22 that the newly launched National Growth Fund is selling out at a rapid pace, primarily across digital channels, driven by intense public interest.

"The National Growth Fund is accessible for subscription at brick-and-mortar bank branches as well and will remain open for retail investment over the next three weeks," the Blue House stated in an afternoon press notice.

According to the administration, the fund serves as a signature policy-driven financial vehicle spearheaded by the Lee Jae-myung government. The strategic core of the initiative is to channel structural capital into 12 cutting-edge technology sectors, including artificial intelligence (AI), semiconductors, biotechnology, robotics, and next-generation secondary batteries.

The sovereign initiative aims to scale up to a total asset size of 150 trillion won. Under the blueprint, the government plans to aggregate 600 billion won annually from retail citizens over a five-year period, establishing a 3 trillion won foundational fund solely backed by public capital. This citizen-funded pool will serve as a master fund, which will then absorb state fiscal injections and private asset manager contributions before diversifying allocations across 10 distinct sub-funds.

                                                                                                         Park Young-hoon