OECD chief economist calls Future Fund 'wise policy choice': budget ministry
SEOUL, Oct. 2 (Yonhap) -- The chief economist of the Organization for Economic C...
On October 2nd, the chief economist of the OECD, Stefano Scarpetta, deemed South Korea's proposed Future Fund a "wise policy choice" during a meeting with South Korean Vice Budget Minister Cho Yong-beom. The Future Fund, set to launch next year, intends to utilize windfall tax revenue from the flourishing semiconductor industry for investments that foster sustainable economic growth.
Scarpetta, during his visit to Paris on the sidelines of the 14th Korea-OECD International Forum on Budgeting, shared his positive assessment of the plan, highlighting its potential to stabilize government revenue and fund strategic projects. He noted that Ireland and Norway have implemented similar funds for future generations.
In the same meeting, Scarpetta also learned about South Korea's three megaprojects and investment plans under the SEED program, which focuses on emerging technologies such as small modular reactors, nuclear fusion, and renewable energy.
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