Chairman Lee Eog-weon of the Financial Services Commission delivered opening remarks at the private-public joint conference on promoting the development of the AI semiconductor industry in Korea on March 17. The conference was jointly organized by the FSC, the Ministry of Science and ICT, and Korea Development Bank with participation by domestic AI semiconductor companies. In his opening remarks, FSC Chairman Lee said that the AI industry requires large-scale investments from an early stage for infrastructure development and the supply of patient capital over a long period for hardware upgrades and market expansion. In this regard, Chairman Lee said that National Growth Fund will supply KRW50 trillion in the AI and semiconductor sector for the next five years to promote the strategic development of cutting-edge industries, help create jobs in related areas, and share the benefit of growth with all.