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South Korea Announces 30-Year National Strategy, Plans to Establish a 100 Trillion Won Future Fund Using Excess Tax Revenue from Chips
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Author：小编
On July 6, foreign media reported that on July 5, Kang Hoon-sik, Chief Secretary to the President of South Korea, announced at a joint meeting between the government and the ruling Democratic Party that the South Korean government will utilize excess tax revenue generated by the booming semiconductor industry to establish a 'Future Response Fund'. This fund will be specifically used to cultivate new engines of economic growth, support the youth aged 20 to 30, and alleviate social polarization. The fund size could reach up to 100 trillion won, with tax collection expected to be completed by early 2027.
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