South Korea plans to submit legislation this month to create a strategic sovereign wealth fund that would secure more than 20 trillion won ($14.4 billion) in resources and begin investing at least 600 billion won ($430 million) from next year. The Ministry of Economy and Finance is preparing a late-month revision to the Korea Investment Corporation Act, with the bill expected to set out the fund's management structure and investment scope. The ministry has previously said the vehicle would target strategic industries including semiconductors, artificial intelligence, materials, parts and equipment, nuclear power and aerospace, along with overseas supply-chain companies linked to economic security. The initial launch size is expected to combine about 16 trillion won in shares of state-owned public institutions and about 4 trillion won in shares received in lieu of inheritance and gift taxes, plus an additional cash contribution whose size has not yet been decided.