According to Yonhap News Agency, South Korea’s Ministry of Economy and Finance announced on Friday that the country will use “windfall revenues” generated by increased tax receipts driven by the recent artificial intelligence boom to establish a “Future Fund” aimed at promoting long-term economic growth. The Ministry stated that the changes brought by the AI industry go beyond a mere technological revolution and are fostering significant transformation across multiple sectors including the econ

According to Yonhap News Agency, South Korea’s Ministry of Economy and Finance stated on Friday that the country will use “windfall revenues” — unexpected income from increased tax collections driven by the recent artificial intelligence boom — to establish a “Future Fund” aimed at accelerating long-term economic growth. The ministry explained that changes brought about by the AI sector have already gone beyond a mere technological revolution, now driving significant transformations across various fields including the economy and social systems. It noted, “Driven by the global semiconductor boom and a rise in corporate tax revenue, domestic tax income is expected to grow substantially. We need to take advantage of the fiscal capacity gained in the current climate and leverage it as a valuable resource to secure a leading position in global technology competition.” The fund will serve as a strategic investment platform intended to raise South Korea’s potential economic growth rate.