Korea Wealth Fund to Boost Bets on AI Startups, Eyes China Tech

South Korea’s sovereign wealth fund plans to increase allocations to tech startups and venture capital funds as part of its broader push to deepen exposure to artificial intelligence and other disruptive technologies.

Korea Investment Corp., which manages $206.5 billion in assets, is expanding its allocation to alternative assets to enhance returns, and exploring tech investment opportunities in China, Chief Executive Officer Park Il Young said in an interview with Bloomberg.

KIC is also ramping up its bets on AI and tech companies in the public markets and exploring opportunities across the AI value chain — from data centers and ...