Korea’s $200 Billion Wealth Fund Is Betting on the Metaverse and AI Startups
- Looks to Silicon Valley as a key source of global growth
- Sees hotels benefiting from post-pandemic travel rebound
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South Korea’s $200 billion sovereign wealth fund plans to boost investments in Silicon Valley startups as it looks to the metaverse and artificial-intelligence to accelerate its expansion in alternative assets.
Seoungho Jin, who took over the reins of Korea Investment Corp. in mid 2021, also has his eyes on hotels, which he sees as a good play on the global recovery from the coronavirus pandemic.