South Korea Launches 'Future Response Fund' on July 5 Backed by Semiconductor Tax Revenue

According to The Edge Malaysia, South Korea's presidential chief of staff Kang Hoon-suk announced on July 5 that the Lee Jae-myung administration plans to establish a 'Future Response Fund' using additional tax revenue from the semiconductor boom. The fund will support three mega projects—semiconductors, physical AI, and data centers—foster new growth drivers, address wealth polarization, and provide housing, entrepreneurship, and employment support for South Koreans aged 20-30. Samsung Electronics, SK Hynix, and government agencies plan to invest billions of dollars in these initiatives to strengthen Korea's global competitiveness in chips and AI while promoting balanced development outside the Seoul metropolitan area.
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