South Korea Plans to Establish "Future Response Fund", Leveraging Semiconductor Tax Windfall to Promote Growth and Balanced Development

TechFlow news, July 05, according to The Edge Malaysia, South Korean Presidential Chief of Staff Kang Hoon-shik stated on July 5 that the Lee Jae-myung administration plans to utilize extra tax revenue generated from the semiconductor boom to establish a "Future Response Fund" to support three major super projects (semiconductors, physical AI, data centers), cultivate new growth engines, address "K-shaped" economic polarization, and provide housing, startup, and employment support for young people 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 fields, and promote balanced development outside the capital region.