South Korea and Saudi Arabia are set to enhance their collaboration in the AI startup sector by establishing a joint investment fund. During a meeting in Seoul, South Korea's First Vice Minister of SMEs and Startups, No Yong-seok, and Saudi Minister of Communications and Information Technology, Alswaha, discussed strengthening ties among SMEs, venture companies, and startups in AI and digital innovation. The proposed joint fund, to be created by Korea Venture Investment Corp (KVIC) and Saudi Arabia's Riyadh Valley Company (RVC), aims to invest in deep tech fields such as AI and semiconductors. Both ministers expressed optimism about finalizing the fund within the year, marking a significant step in bilateral cooperation in the tech sector.