Search results for Future Response Fund
Politics & Government
Park Hong-geun says Future Response Fund to invest in AI and regions
South Korea\'s government is considering a broad range of investment targets for a Future Response Fund to be formed from additional tax revenue, including AI and other advanced industries as well as rural and regional projects. Planning and Budget Minister Park Hong-geun said about 10 trillion won in extra funds had been secured from a surge in securities transaction tax and would be reviewed for contributions to rural development and agricultural growth. The fund\'s size has not been disclosed.
Industry
President Lee says future response fund to be backed by semiconductor tax windfall; 2027 spending to top 800 trillion won
South Korean President Lee Jae-myung (이재명) said a future response fund will be created using excess tax revenue from semiconductors. He said large additional revenue from an AI semiconductor boom will be invested in future, youth, regional and education areas. The government will also support three mega projects including semiconductors, physical AI and AI data centres. Next year’s total spending will be set at 800 trillion won plus alpha, more than 10 percent above this year’s main budget.
AI & Enterprise
Baek Kyung-hoon says now is physical AI golden time, pushes cross-ministry AIDC task force
South Korea plans to create a future response fund using what it forecasts as record tax revenue in 2027 and concentrate spending on three mega-projects: semiconductors, AI data centres (AIDC) and physical AI. Science and ICT Minister Baek Kyung-hoon said the race to secure a general-purpose physical AI platform has entered a full-scale phase. The ministry plans to expand AIDC capacity to 8.4 GW by 2029 and 18.4 GW by 2035, backed by up to 1,000 trillion won in phases.
