South Korea sets up semiconductor fund

South Korea plans to establish a Future Response Fund using tax revenues generated from the booming semiconductor industry. The goal is to support large-scale national investment projects, stimulate growth in the technology sectors, and enhance long-term competitiveness. The fund will provide financing for initiatives in housing, entrepreneurship, and youth employment for individuals aged 20 to 39. Its aim is to expand the economic growth base and diversify its sources within a 30-year strategy to position the country as a leader in chip manufacturing and artificial intelligence.

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