[South Korea to Establish Strategic Investment Account for Strategic Industries] According to a report by Jinse Finance, on July 15, South Korea shelved a plan to establish an independent sovereign wealth fund, which was originally intended to follow the models of Singapore's Temasek Holdings and Australia's Future Fund. Instead, South Korea will set up a strategic investment account within the Korea Investment Corporation (KIC). The South Korean Ministry of Finance stated that this account will invest in areas critical to national competitiveness and economic security, both domestically and internationally. Investment targets will include strategic industries such as nuclear energy and aerospace, core sectors like finance and infrastructure, as well as overseas supply chains. (Jin10)