SEOUL, Nov 12 (Bernama-Yonhap) -- South Korea has pledged to contribute US$20 million to an Asian Development Bank (ADB) trust fund aimed at supporting artificial intelligence (AI) development projects, Yonhap News Agency reported quoting the finance ministry.
S. Korea Pledges US$20 Million to ADB Fund For AI Projects
Asia-Pacific, ASEAN, AI, digital, ADB, South Kore
BE Bernama 
Key takeaways
South Korea pledged US$20 million to an ADB trust fund for AI projects, signing an agreement at a meeting in Seoul, and the fund will support a Centre for AI Innovation and Development in the country.
- The contribution is US$20 million to the Korea AI for Development Trust Fund.
- The fund will help operate a Centre for AI Innovation and Development in South Korea.
- The ADB and South Korea discussed expanding cooperation in AI, digital transformation, private‑sector development and climate change.
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