The Korea Herald
AsiaPac · 1 hrs ago
Seoul plans to launch fund with chip tax windfalls to finance AI-era growth
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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
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