S. Korea to launch 'future fund' with 'windfall revenue' amid chip boom

South Korea plans to launch the Future Fund to leverage the windfall revenue generated from increased tax collection due to the AI boom, according to the budget ministry. The AI industry has spurred a major transformation across various sectors, leading to a surge in corporate tax revenue. The government aims to use this additional fiscal capacity to promote long-term economic growth and invest in key areas such as youth, regional economies, and education.

The Future Fund will also support the country's three megaprojects, including the AI industry and seven future-oriented sectors like quantum technology and aerospace.

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