South Korea seeks to establish a sovereign wealth fund in the first half of the year.

South Korean Finance Minister Joo Hyun-cheol stated in a policy briefing to President Lee Jae-myung that South Korea will seek to establish a South Korean-style sovereign wealth fund in the first half of next year. Joo emphasized that the Ministry of Finance will actively manage government bonds by adjusting the issuance combination of short-term and long-term South Korean bonds, as well as adjusting the issuance timing of South Korean bonds, public bonds, and guaranteed bonds. The GDP growth target for next year is at least 1.8%, and a growth strategy will be formulated in January.