South Korea plans a ‘future response fund’ built on its AI chip tax windfall
TL;DR
South Korea plans a “future response fund” financed by the tax windfall from its semiconductor boom, channelling proceeds into AI, advanced manufacturing, and support for younger generations, per Yonhap. Samsung and SK Hynix profits are projected to jump from 90 trillion to over 600 trillion won this year, fuelling a national debate over who should share the spoils.
South Korea will seek to create a “future response fund” financed by the tax windfall from its semiconductor boom, Yonhap reported. The proceeds would flow into AI, advanced manufacturing, and other long-term growth engines.
Presidential chief of staff Kang Hoon-sik said the fund would turn the extra tax revenue into investment resources for future generations. The government has framed it around three priorities: new growth engines, tackling economic polarisation, and support with housing, startups, and jobs for people in their 20s and 30s.
The windfall behind the plan is...
Copyright of this story solely belongs to thenextweb.com. To see the full text click HERE
