In a landmark announcement on July 22, 2024, Korea unveiled an ambitious KRW 1.2 trillion (~$900 million) government initiative aimed at advancing fusion power development. This groundbreaking project, distinct from both K-STAR and Korea's ITER contributions, is strategically designed to foster a private sector-led fusion ecosystem within the country.

A cornerstone of Korea's strategy is the innovative framework for public-private collaboration. The government is actively championing collaborative projects that seamlessly integrate the advanced engineering capabilities of the private sector with the cutting-edge scientific research expertise of public institutions. This synergistic approach aims to catalyze the exchange of knowledge and technology between private and public sectors.

In this transformative partnership, KFE (Korea Institute of Fusion Energy) serves as the central hub orchestrating the capabilities of Korea's fusion-related public institutions. In parallel, EnableFusion functions as the private sector hub, strategically coordinating and leveraging the capabilities of fusion-related precision manufacturing companies, high-temperature superconductor (HTS) companies, and fusion AI companies. Together, KFE and EnableFusion create a dynamic bridge connecting the public and private sectors, fostering unprecedented collaboration in fusion development.

The comprehensive K-PPP implementation plan is currently being formulated through strategic collaboration between Korean fusion experts from both public and private sectors, working in close coordination with government officials. EnableFusion plays a pivotal role in shaping the execution strategy of this transformative K-PPP initiative. As the specific implementation plan reaches finalization, this section will be updated with detailed information about the program's structure and objectives.