▲ President Lee Jae Myung speaks during a meeting on state financial strategies at Cheong Wa Dae on July 13, 2026. (Yonhap)

president-finance strategy

Lee says will create 'future response' fund using extra tax revenue

SEOUL, July 13 (Yonhap) -- President Lee Jae Myung said Monday that the government will use additional tax revenue expected from the ongoing semiconductor boom to create a "future response fund" aimed at investing in future industries and policies for younger generations.

The president made the remarks during a meeting on state financial strategies, as the country is expected to collect higher tax revenue thanks to chipmakers' record high earnings driven by the artificial intelligence (AI) semiconductor boom.

"Large-scale extra tax revenues will be used as strategic financial resources to prepare for the future," Lee said.

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