Overview
- President Lee Jae Myung met BlackRock CEO Larry Fink in New York, where Korea’s science ministry signed an MOU on AI and clean energy cooperation to help position Korea as an Asia-Pacific AI hub.
- Larry Fink pledged to help attract global capital to make Korea the region’s “AI capital,” according to the presidential office.
- The ministry and BlackRock will establish a joint task force to draft action plans for a pilot investment over the coming years.
- Officials expect the pilot to reach several trillion won, though exact amounts, locations and timelines remain undeclared.
- The framework envisions hyperscale AI data centers in Korea paired with renewable generation and storage, with potential linkage to the AI Infrastructure Partnership; attendees included Adebayo Ogunlesi and Jim Yong Kim.