Seoul: South Korea plans to establish a future fund using extra tax revenue generated by a semiconductor boom to invest in growth engines, support for younger generations and efforts to address widening inequality, a top government official said on Sunday.
Speaking at a meeting between the government and the ruling Democratic Party, Presidential Chief of Staff Kang Hoon-sik said President Lee Jae Myung's administration would use the "Future Response Fund" to help finance major national investment projects and strengthen the country's long-term competitiveness.
