South Korea plans to channel a surge in tax revenue from its booming AI chipmakers into a new state fund, backing everything from semiconductor infrastructure to housing and jobs for young people.

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