President Lee Jae Myung attends a meeting held at Cheong Wa Dae in Seoul, Monday. 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.
