South Korean President Lee Jae Myung also announced a US$300 million (S$382 million) global fund which will be established in Singapore by 2030.  SINGAPORE: Singapore and South Korea on Monday (Mar 2) launched an artificial intelligence alliance, with Seoul pledging to establish a US$300 million (S$382 million) global fund here by 2030 to support joint AI development. Visiting South Korean President Lee Jae Myung announced the Korea-Singapore AI alliance at the Korea-Singapore AI Connect Summit