Vice budget minister calls Future Fund 'fiscal innovation' for future growth

Korea's Vice Budget Minister Cho Yong-beom has called the proposed Future Fund a "fiscal innovation" that will drive future growth. This fund, set to launch next year, will be funded by windfall tax revenue from the country's thriving chipmakers. The Minister sees the fund as a platform for strategic investment, which will help pave the way for long-term economic growth and development in Korea. This move is significant as it highlights the government's efforts to harness its resources for future growth and development.

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Korea's proposed Future Fund is expected to boost future growth. The fund's launch next year with windfall tax revenue could lift investor sentiment and attract foreign capital.

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