South Korea plans to channel windfall tax revenue from its booming semiconductor industry into a new future fund. The money would help finance major industrial projects and to support younger generations.

South Korea is establishing a "Future Response Fund" from semiconductor boom tax revenues. This fund will fuel major national projects, boost growth engines, and support younger…

The Lee Jae Myung administration plans to create a new investment fund financed by a tax windfall from the semiconductor boom. The proceeds will be channeled in