South Korea establishes a "Future Fund" to capitalize on the unexpected revenue generated by the chip boom
2026-08-21 11:02:33
According to CoinMeta, and as reported by Yonhap News, the Korean Planning and Budget Office stated on Friday that South Korea will utilize the "unexpected revenue" generated by the recent boom in artificial intelligence to establish a "Future Fund" aimed at promoting long-term economic growth. The department noted that the changes brought about by the AI industry have gone beyond a mere technological revolution and are driving significant transformations in various fields such as the economy and social systems. It was also pointed out that "driven by the global chip boom and increased corporate taxes, domestic tax revenues are expected to grow significantly. We need to make use of the fiscal capacity obtained under these circumstances and treat it as a valuable resource to gain a leading position in global technological competition." This fund will serve as a strategic investment platform with the goal of enhancing South Korea's potential economic growth rate.
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Source:Jin10 Data
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