South Korea is planning to establish a new sovereign wealth fund to follow Singapore's Temasek model to create an investment platform that can both pursue the country's strategic goals and achieve commercial returns. South Korea's Minister of Planning and Finance, Koo Yun-chul, said that the government will start with a relatively limited initial capital, but the goal is to develop it into an important investor with global influence.

South Korea is planning to establish a new sovereign wealth fund to follow Singapore's Temasek model to create an investment platform that can both pursue the country's strategic goals and achieve commercial returns. South Korea's Minister of Planning and Finance, Koo Yun-chul, said that the government will start with a relatively limited initial capital, but the goal is to develop it into an important investor with global influence.