President Lee Jae-myung announced on the 13th the creation of a 'Future Response Fund' to utilize additional tax revenue generated from the artificial intelligence (AI) semiconductor boom for strategic investment in future preparedness. The announcement was made while presiding over the '2026 National Fiscal Strategy Meeting' held at Cheong Wa Dae in the afternoon. Lee stated that unprecedented additional tax revenue is predicted to occur due to the semiconductor boom triggered by the AI revolution, emphasizing this revenue as precious resources to be used during the golden time when global AI supremacy is being determined. The fund will focus investments on four areas that will determine the nation's future: future, youth, local regions, and education.
Lee Jae-myung Announces Future Response Fund for AI Semiconductor Tax Revenue
President Lee emphasized at the meeting, "We will utilize the large-scale additional tax revenue as a strategic investment resource for future preparedness." He stated, "Unprecedented additional tax revenue is predicted to occur thanks to the semiconductor boom triggered by the AI revolution," adding, "This additional tax revenue is a precious resource to be used during the golden time when global AI supremacy is being determined."
Lee explained, "A strategic investment platform is needed to guarantee bold and continuous future investment," stating, "The Future Response Fund will perform this function and become a stepping stone to achieve a great leap forward together with future generations."
Government Targets Four Investment Areas Through New Fund
The president outlined the fund's investment priorities: "We will establish the Future Response Fund to concentrate investments in four major areas that will determine the nation's future: future, youth, local regions, and education. Through this, we will increase the economy's growth potential and return those fruits to all citizens."
Lee stated, "The Future Response Fund will perform this function and become a stepping stone to achieve a great leap forward together with future generations."
Lee Pledges Full Government Support for Three Mega-Projects
President Lee identified the '3 Mega-Projects' as the government's main fiscal operation direction. He stated, "We will mobilize all government capabilities to provide concentrated support so that investments in semiconductors, physical AI, and AI data centers can proceed according to corporate timelines."
Lee added, "We will create new growth hubs for Korea by ensuring not only stable supply of electricity and water but also transportation and logistics infrastructure, and residential conditions including housing, education, medical care, and culture."
President Promises Youth Support and Strengthened Social Safety Net
Presenting 'Growth for All,' President Lee also promised youth support and strengthened social safety nets. He stated, "For young people taking their first steps into society, we will establish a support system covering the entire life cycle from jobs to housing and asset formation."
Lee announced, "We will further strengthen the social safety net to the level of a social safety mat so that atypical workers, who will inevitably increase in the AI era, can be protected without gaps." He promised, "The government will provide daily support so that all citizens can enjoy the benefits of AI technology development."
The president urged, "The fiscal direction we will discuss today will determine Korea's next 20 to 30 years," requesting, "I ask all participants to engage in discussions with the mindset that they are Korea's Chief Financial Officers (CFOs)."
FAQ
What did President Lee Jae-myung announce on the 13th regarding AI semiconductor tax revenue?
President Lee Jae-myung announced the creation of a 'Future Response Fund' to utilize additional tax revenue generated from the AI semiconductor boom for strategic investment. The announcement was made at the 2026 National Fiscal Strategy Meeting held at Cheong Wa Dae in the afternoon of the 13th.
What are the four investment focus areas of the Future Response Fund?
The Future Response Fund will concentrate investments in four major areas: future, youth, local regions, and education. President Lee stated these investments will increase the economy's growth potential and return the fruits to all citizens.
What are the three mega-projects the government plans to support?
The government will provide concentrated support for three mega-projects: semiconductors, physical AI, and AI data centers. President Lee stated the government will mobilize all capabilities to ensure these investments proceed according to corporate timelines, including stable supply of electricity and water, transportation and logistics infrastructure, and residential conditions.
