Shenchao TechFlow news, July 5, according to The Edge Malaysia, South Korean Presidential Chief of Staff Kang Hoon-sik stated on July 5 that the Lee Jae-myung administration plans to use additional tax revenue from the semiconductor boom to establish a "Future Response Fund" to support three major mega-projects (semiconductors, physical AI, data centers), cultivate new growth drivers, address "K-shaped" economic polarization, and provide housing, entrepreneurship, and employment support for young people aged 20 to 30. Samsung Electronics, SK Hynix, and government agencies plan to invest hundreds of billions of dollars in these projects, aiming to strengthen South Korea's global competitiveness in chips and AI and promote balanced development outside the capital region.

View Original
This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.
  • Reward
  • Comment
  • Repost
  • Share
Comment
Add a comment
Add a comment
No comments
  • Pinned