Published on
06/07/2026 - 11:38 GMT+2
The South Korean government intends to set aside the extra tax income flowing from its record-breaking chip industry in a dedicated "future response fund", the presidential office said, using the proceeds of the AI boom to bankroll public projects ranging from industrial infrastructure to support for younger generations.
Behind the windfall sit Samsung Electronics and SK hynix, whose memory chips have become essential to the data centres powering the global AI race.
Their record profits this year have propelled the wider economy, and swollen the government's tax receipts along the way.
