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South Korea Plans to Establish a Future Fund Using Tax Revenues from the Semiconductor Industry
Svmuu News: Kang Hoon-sik, Chief of Staff to the South Korean President, said Sunday that the government plans to use additional tax revenue generated by the semiconductor industry boom to establish a “Future Fund” aimed at investing in engines of economic growth, supporting the younger generation, and addressing growing social inequality. The government will use the “Future Response Fund” to provide financial support for major national investment projects and enhance the country’s long-term competitiveness. (Jin Shi)
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