Korea to Create Commercially Driven Temasek-Style Sovereign Fund

South Korea is moving to establish a new sovereign wealth fund modeled after Singapore’s Temasek, aiming to build a platform capable of pursuing strategic and commercially-driven investments.

Finance Minister Koo Yun Cheol said the government intends to begin with a modest pool of capital but ultimately grow the fund into a major global player. “Like Temasek, which started small and expanded dramatically, we aim to launch a structure that can scale over time,” he said to reporters after a policy briefing to President Lee Jae Myung.