South Korea has announced the establishment of a 50 trillion Korean won ($34.4 billion) fund aimed at supporting key strategic industries such as semiconductors, batteries, and artificial intelligence. The initiative, led by Acting President Choi Sangmok, will be managed by the Korea Development Bank and will provide low interest loans and investments over the next 5 years to enhance the country's competitiveness in advanced technologies. Additionally, the government plans to attract skilled foreigners by offering top-tier visas and permanent residency to work in these sectors. In a separate development, China has unveiled a 1 trillion RMB ($140 billion) national venture capital fund to invest in next-generation technology startups, focusing on sectors like AI, quantum computing, hydrogen, bio-manufacturing, and 6G. This move, described as 'patient capital', is part of China's industrial policy for the years 2025-2030. Amidst these developments, global stock investors are shifting their focus from Japan to Europe and China. This shift is influenced by a historic global trade war, a proposed $1.2 trillion European fiscal stimulus, and China's emergence as a leader in the technology race. The Nikkei Stock Average dropped more than 2% amid concerns over a U.S. recession and a stronger yen. The euro, the world's second-most traded currency, has appreciated to 1.0864 and is experiencing one of its strongest weeks in 16 years, reflecting significant shifts in global financial markets, economics, and geopolitics.