Special publicly offered fund has been launched to help foster the nation’s parts and materials producers against Japan’s export restrictions.
The fund is drawing a number of individual investors after President Moon Jae-in signed up for the fund last month.
Todd Thacker reports.

Concerns about the effect of Japanese export restrictions on Korea’s economy are growing in Jeju.

[slug] Concerns on negative impact of Japan's export restriction grow

If this chilly relationship between the two countries continues, it could have a significantly negative impact on areas of the island's primary industry, which exports the bulk of its produce to Japan.
In light of Japanese export restrictions, a so-called “patriotic fund” has been launched to help support globally competitive companies in Korea which manufacture materials, parts, and equipment.

[slug] ‘Victory Korea’ fund draws investor interest nationwide

The fund began drawing increasing numbers of individual investors after President Moon Jae-in contributed to the fund last month.

Moon Jae-in / President (Aug.26)
I'm pleased that a fund devoted to materials, parts and equipment producers has been launched. I contributed to the fund to help these companies.
<씽크 대통령 / 지난 달 26일>
"소재, 부품, 장비산업에 투자하는 펀드가 만들어져서 아주 기쁘게 생각을 했고요. 가입해서 힘을 보태야겠다라는 생각을 했습니다"

[slug] Local leaders follow president's example

Local leaders, including Jeju representatives at the National Assembly, are also signing up for the fund and encouraging islanders to do the same.

Wi Seong-gon / Member of National Assembly, Democratic Party
Materials, parts and equipment industries need to be boosted. I have joined the effort to sharpen the competitiveness of these industries.
<씽크:위성곤/더불어민주당 국회의원>
"소재, 부품, 장비산업이 매우 어려움에 놓여 있습니다. 온 국민이 모여서 소재, 부품, 장비 산업 경쟁력을 강화하는데 돕기 위해서 이렇게 동참했습니다."

[slug] \300M invested by 500 islanders
Nationwide, some 50 billion won has been collected since the debut of the fund on August 14th.

More than 500 individuals from Jeju Island have invested a total of around 300 million won.

[Reporter] Todd Thacker
[Camera] Kim Seung-cheol

While there is an urgent need to end Japan’s antagonistic sanctions, Koreans are standing together to weather the storm of the economic upheaval.
Todd Thacker, KCTV