( August 21, 2026, 03:26 GMT | Official Statement) -- MLex Summary: South Korea plans to create a new fund using higher-than-expected tax revenue from the country’s booming semiconductor industry, fueled by the global artificial intelligence boom, to strengthen national competitiveness. Tentatively named the Future Fund, it will invest in projects across four areas, including strengthening South Korea’s competitiveness in advanced technologies such as AI, the Ministry of Planning and Budget said. The government plans to draft legislation setting out details of the fund and submit it to parliament by early September, the ministry said.The statement is attached (in Korean)....
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