The South Korea Financial Services Commission has approved two new committees to strengthen governance of the National Growth Fund as its investment volume expands. A Risk Management Committee will independently assess financial and nonfinancial risks before proposals reach the fund’s decision-making bodies, while a Post-Investment Management Committee will oversee matters including disbursement, distressed exposures, early exits and recovery methods. Both committees will begin operating for proposals considered from October, and post-investment reviews may also cover projects approved before September. The fund also approved about KRW 1 trillion for five projects spanning offshore wind, artificial intelligence-enabled precision machinery, electric vehicle battery components, semiconductor gases and humanoid robot frames. The projects include a 104-megawatt offshore wind development using 13 domestically developed 8-megawatt turbines and an artificial intelligence research center for advanced machine tools. With these decisions, cumulative approvals and fund formations through September reached KRW 18.9 trillion across 35 projects, with 44.7% allocated outside the capital region, exceeding the 40% policy target. The commission expects planned fourth-quarter formations of indirect investment funds to support early achievement of the KRW 30 trillion annual approvals and formations target.

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