·The presidential chief of staff proposed channeling semiconductor tax gains into a future response fund to back AI infrastructure, regional chip projects and youth support.
·The presidential chief of staff on Sunday proposed creating a "future response fund" financed by additional tax revenue from the semiconductor sector to support long-term investment.
·“At this critical moment that will determine Korea’s future, additional tax revenue generated by the semiconductor boom must not be spent carelessly,” Kang Hoon-sik said, speaking during a high-level policy coordination meeting held between the Blue House, the government and the ruling Democratic Party at the prime minister's official residence in Jongno District, central Seoul, on Sunday.
·He explained that the tax revenue will be used to support the government’s ambitious “three megaprojects” aimed at driving Korea’s high-tech industrial development, as well as other areas such as expanding housing, entrepreneurship and employment support for young people in their 20s and 30s.
·The massive projects are joined by Korea’s leading chipmakers SK hynix and Samsung Electronics, which are set to invest some 800 trillion won ($522.9 billion) to build four new chip facilities in the country’s southwest region.
