Key facts
- South Korea will establish a future fund using tax revenue from its booming semiconductor industry.
- The fund will support future growth engines, including three megaprojects focused on semiconductors, physical AI, and AI data centers.
- It will also address K-shaped polarization and provide support for housing, startups, and jobs for young adults.
- The initiative is intended to make South Korea an irreplaceable global player and secure its future growth for the next 20-30 years.
South Korea is set to launch a new fund financed by unexpected tax windfalls from its thriving semiconductor sector. Presidential chief of staff Kang Hoon-sik announced the initiative, stating that the additional revenue should be strategically invested to secure future growth engines for the nation.
The fund's objectives include bold investments in three government-unveiled megaprojects: semiconductors, physical artificial intelligence (AI), and AI data centers. These projects are envisioned as crucial for determining South Korea's future economic trajectory over the next two to three decades. Beyond these large-scale initiatives, the fund will also target societal issues such as K-shaped polarization and provide support for housing, startups, and employment opportunities for individuals in their 20s and 30s.