South Korea to Launch 'Future Fund' from Chip Industry Windfall
South Korea plans to establish a 'Future Fund' using windfall revenue generated from the booming semiconductor industry. This fund aims to support investments in youth and artificial intelligence.
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Korea builds 'fiscal reservoir' for chip tax windfall, rewrites school funding
South Korea unveiled plans Friday to create a new fiscal fund that will channel tax revenue generated by the semiconductor boom into long-term investment while serving as a buffer against future revenue downturns. The Future Response Fund will invest in youth, new growth engines, regional development, education and talent, while accumulated reserves can be tapped when tax revenue weakens. The plan also includes the first major overhaul of local education funding in more than half a century, aime
By The Korea Herald
Read full article →(LEAD) S. Korea to launch 'Future Fund' with 'windfall revenue' amid chip boom
SEOUL, Aug. 21 (Yonhap) -- South Korea will launch the "Future Fund" to promote ...
By Kang Yoon-seung
Read full article →South Korea plans chip windfall fund to back youth, AI investment
By Reuters
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