Korea to launch 'future fund' with 'windfall revenue' amid chip boom

Korea is launching a new "Future Fund" to boost long-term economic growth, using revenue gained from a recent surge in tax collection. This increase in tax revenue is attributed to the booming artificial intelligence industry, which has also driven a global chip boom. The fund aims to promote sustainable growth and adapt to the significant changes brought about by the AI industry, affecting not just technology but also the broader economy and social systems.

Why it matters

Korea's new fund will promote long-term economic growth, using increased tax revenue. This could lead to increased investment in key sectors, boosting investor sentiment.

Market impact

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