South Korea plans to establish a "Future Response Fund" to promote growth and balanced development using semiconductor tax revenue

According to The Edge Malaysia, South Korean Chief of Staff Kang Hoon-sik stated on July 5 that the Lee Jae-myung government plans to establish a "Future Response Fund" using the additional tax revenue generated by the semiconductor boom. This fund will support three major super projects (semiconductors, physical AI, data centers), cultivate new growth momentum, address "K-shaped" economic polarization, and provide housing, entrepreneurship, and employment support for the young population aged 20 to 30.

Samsung Electronics, SK Hynix, and government agencies plan to invest hundreds of billions of dollars in the aforementioned projects, aiming to strengthen South Korea's global competitiveness in the chip and AI sectors and promote balanced development outside the capital region.