{"id":282731,"date":"2026-06-26T17:50:00","date_gmt":"2026-06-26T21:50:00","guid":{"rendered":"https:\/\/news-you-need.com\/index.php\/2026\/06\/26\/south-korea-plans-6-5b-fund-for-security-tech-firms\/"},"modified":"2026-06-26T18:20:16","modified_gmt":"2026-06-26T22:20:16","slug":"south-korea-plans-6-5b-fund-for-security-tech-firms","status":"publish","type":"post","link":"https:\/\/news-you-need.com\/index.php\/2026\/06\/26\/south-korea-plans-6-5b-fund-for-security-tech-firms\/","title":{"rendered":"South Korea plans $6.5B fund for security tech firms"},"content":{"rendered":"

South Korea plans $6.5B fund for security tech firms<\/a><\/p>\n

https:\/\/www.upi.com\/Top_News\/World-News\/2026\/06\/26\/investment-pool-defense-security-technology-companies\/3721782510458\/<\/a><\/p>\n

Publish Date: 2026-06-26 17:50:00<\/a><\/p>\n

Source Domain: www.upi.com<\/a><\/p>\n

SMEs and Startups Minister Han Seong-sook attends a meeting of the emergency economic headquarters at the government complex in Seoul, South Korea, 22 May 2026. Photo by YONHAP \/ EPA<\/p>\n

June 26 (Asia Today) —<\/span> South Korea plans to create an investment and procurement system aimed at producing homegrown security technology companies comparable to U.S. data analytics company Palantir Technologies, the government said Friday.<\/p>\n

The Ministry of SMEs and Startups announced the strategy with the Defense Ministry and Korea AeroSpace Administration during a meeting on future security innovation companies at the Blue House.\n<\/p>\n

The plan seeks to accelerate the transfer of advanced civilian technology into national defense and security.<\/p>\n

The government aims to develop five security technology companies valued at more than 1 trillion won ($651 million) and 50 companies with annual sales exceeding 100 billion won ($65.1 million) by 2030.<\/p>\n

It will designate five strategic sectors covering drones and robotics, defense artificial intelligence and semiconductors, advanced sensors and materials, aerospace technology and cybersecurity and quantum communications.\n<\/p>\n

Officials described the initiative as an effort to cultivate a “Korean Palantir,” referring to the U.S. company known for software that integrates and analyzes large volumes of defense and intelligence data.<\/p>\n

The phrase is a policy description rather than the name of a company the government plans to establish.<\/p>\n

Investment vehicle modeled on In-Q-Tel<\/p>\n

The ministry plans to establish a government-backed investment organization modeled on In-Q-Tel, the nonprofit strategic investor created to support technologies relevant to U.S. intelligence agencies.<\/p>\n

The proposed organization would make direct investments in early-stage security technology companies to address funding shortages.<\/p>\n

The government also plans to support the establishment of a technology-focused asset management company tentatively called Korea Strategic Technology…<\/p>\n

Source<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"

South Korea plans $6.5B fund for security tech firms https:\/\/www.upi.com\/Top_News\/World-News\/2026\/06\/26\/investment-pool-defense-security-technology-companies\/3721782510458\/ Publish Date: 2026-06-26 17:50:00 Source…<\/p>\n","protected":false},"author":1,"featured_media":282732,"comment_status":"closed","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"fifu_image_url":"https:\/\/cdnph.upi.com\/sv\/ph\/og\/upi_com\/3721782510458\/2026\/1\/996246f477b93903bf3f28ddd0d17d34\/v1.5\/South-Korea-plans-65B-fund-for-security-tech-firms.jpg","fifu_image_alt":"","footnotes":""},"categories":[8],"tags":[62,57],"class_list":["post-282731","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-technology","tag-innovation","tag-security"],"_links":{"self":[{"href":"https:\/\/news-you-need.com\/index.php\/wp-json\/wp\/v2\/posts\/282731"}],"collection":[{"href":"https:\/\/news-you-need.com\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/news-you-need.com\/index.php\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/news-you-need.com\/index.php\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/news-you-need.com\/index.php\/wp-json\/wp\/v2\/comments?post=282731"}],"version-history":[{"count":1,"href":"https:\/\/news-you-need.com\/index.php\/wp-json\/wp\/v2\/posts\/282731\/revisions"}],"predecessor-version":[{"id":282733,"href":"https:\/\/news-you-need.com\/index.php\/wp-json\/wp\/v2\/posts\/282731\/revisions\/282733"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/news-you-need.com\/index.php\/wp-json\/wp\/v2\/media\/282732"}],"wp:attachment":[{"href":"https:\/\/news-you-need.com\/index.php\/wp-json\/wp\/v2\/media?parent=282731"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/news-you-need.com\/index.php\/wp-json\/wp\/v2\/categories?post=282731"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/news-you-need.com\/index.php\/wp-json\/wp\/v2\/tags?post=282731"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}