South Korea plans to establish a new state fund, known as the Future Response Fund, using tax windfall revenue generated by its booming semiconductor industry and AI chipmakers.
The fund is intended to finance long-term economic growth and strengthen the country's long-term competitiveness. Investments will be directed toward major national and industrial projects, including semiconductor infrastructure, AI, and advanced manufacturing.
Presidential chief of staff Kang Hoon-sik stated that the fund will turn extra tax revenue into investment resources for future generations. This includes providing support for younger people through housing and jobs.