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South Korea plans to use chip industry tax dividends to set up a future fund

SmartContractAuditor

2026-07-05 08:56:12

Odaily Planet Daily News: On Sunday, Kang Hoon-sik, director of the Office of the President of South Korea, said that the government plans to set up a Future Fund using additional tax revenue generated by the semiconductor industry boom, to invest in the engines of economic growth, support the younger generation, and address increasingly severe social inequality. The government will use the “Future Response Fund” to provide funding support for major national investment projects and enhance the country’s long-term competitiveness. (Jin Shi)

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