South Korea’s Ministry of Trade, Industry and Resources (MOTIR) launched the $744.5 million (1.115 trillion won) “Industrial Growth Fund” on Monday, expanding a state-backed financing structure aimed at accelerating technology commercialization and artificial intelligence integration across the manufacturing sector. Under the initiative, Hana Bank will contribute $414 million (620 billion won) and the Industrial Bank of Korea will provide $330.4 million (495 billion won), forming the largest anchor investment pool in the program’s history. The capital, sourced through the government’s research and development (R&D) deposit system, will be combined with private matching funds to support investments in middle-market