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The 150 trillion won Future Response Fund will invest in youth, AI, and other areas... but 'resolving polarization' is not included.

Translated from Korean Read in Korean

South Korea's Ministry of Economy and Finance has announced plans to launch a new fund, called the Future Response Fund, worth over 150 trillion won, in 2024. The fund will be primarily financed by additional tax revenues generated from the semiconductor industry's boom. The fund will focus on investing in four areas: youth, growth drivers, local development, and education, with the goal of boosting the country's potential growth rate.

The fund's resources will be allocated to initiatives such as vocational training for young people, development of artificial intelligence and future technologies, and support for local governments.

Written by urgent.news from Hankyoreh's report — not a translation of it. Machine-written — may contain errors; check the original before relying on it.

Read the original at hani.co.kr →

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