South Korea Plans Future Fund from Chip Industry Windfalls
South Korea plans to establish a new investment fund, financed by windfall tax revenues from its booming semiconductor industry. The fund will channel proceeds into major industrial projects, artificial intelligence, advanced manufacturing, and support younger generations.
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South Korea plans future fund fueled by chip boom
South Korea plans to channel windfall tax revenue from its booming semiconductor industry into a new future fund. The money would help finance major industrial projects and to support younger generations.
Read full article →Seoul plans to launch fund with chip tax windfalls to finance AI-era growth
The Lee Jae Myung administration plans to create a new investment fund financed by tax windfalls from the semiconductor boom. The proceeds will be channeled into artificial intelligence, advanced manufacturing and other long-term growth projects, according to the presidential office. "The government seeks to establish a 'future response fund' so that additional tax revenue can be used as investment resources for future generations," Presidential Chief of Staff Kang Hoon-sik said during the ninth
By The Korea Herald
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