Fintech Week - Lee Eo-kwon Says 'AI Utilization Will Be the Ultimate Measure of Competitiveness'

(Seoul=Yonhap Infomax) Won Jung – Financial Services Commission (FSC) Vice Chairman Lee Eo-kwon emphasized that "AI utilization capabilities will become the ultimate measure of competitiveness going forward."

Speaking at the opening ceremony of "Korea Fintech Week 2025" held at the aT Center in Yangjae, Seoul, on the 26th, Lee stated, "The government is making an all-out effort under the national vision of becoming one of the world's top three AI powerhouses."

Lee highlighted plans to drive large-scale investments and upgrade financial AI infrastructure to ensure the financial sector leads the AI transformation, while also fostering an investment environment that enables fintech companies to secure funding.

The core of the initiative is the creation of a National Growth Fund worth 150 trillion won ($113.4 billion) to spearhead the AI transformation and secure future growth engines.

Additionally, the government aims to establish a 5 trillion won ($3.8 billion) scale-up fund over five years to attract new investment into fintech and other venture companies.

Lee added, "We will overhaul the institutional framework for corporate growth collective investment vehicles and institutionalize token securities (STO) to lay the foundation for funding innovative and venture companies."

The FSC will also focus on building a foundation for the continuous emergence of new financial services, including the introduction of MyData for sole proprietors and the establishment of a regulatory framework for stablecoins.

"We will provide the groundwork for the emergence of innovative financial services in line with market trends," Lee said. "We will boldly pursue digital financial innovation so that finance can reflect the preferences of all."

jwon@yna.co.kr

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