S. Korea to launch 'future fund' with 'windfall revenue' amid chip boom
--------------------------------------------------------------------
Source: South Korea
Published: 2026-08-21 12:10 UTC+10:00
Section: General
Factuality Score: 100
Opinion Category: Neutral
Topics: Politics, Asia, South Korea, Technology & AI, Tax & Budget, Business & Economy, Asia Pacific, Technology
--------------------------------------------------------------------
Snippet:
SEOUL, Aug. 21 (Yonhap) -- South Korea will launch the "Future Fund" to promote long-term economic growth, using what the government calls "windfall revenue" from increased tax collection driven by the recent artificial intelligence (AI) boom, the budget ministry said Friday.
--------------------------------------------------------------------