Kang Hoon-sik, the presidential chief of staff, said at the high-level party-government consultative meeting on the 5th that "the Lee Jae-myung administration will push to establish a 'future response fund' to use additional tax revenue generated by the semiconductor boom and other factors as investment resources for future generations."

Prime Minister Han Seong-sook poses for a commemorative photo with attendees, including Democratic Party of Korea acting leader and floor leader Han Byeong-do and Presidential Chief of Staff Kang Hoon-sik, during the High-level Party-Government Council at the prime minister's residence in Samcheong-dong, Jongno-gu, Seoul, on the 5th. /Courtesy of Yonhap News.

Deputy Minister Kang said at the 9th high-level party-government consultative meeting held at the prime minister's official residence in Seoul that "at this critical juncture that will determine the future of Korea, we must not squander the additional tax revenue generated by the semiconductor boom and other factors."

He added, "By creating a fund with the additional tax revenue, we intend to make bold investments in Korea's future, including generating future growth engines such as support for the three mega projects, responding to the K-shaped polarization, and supporting housing, startups, and jobs for 2030 youth."

He continued, "Establishing the future response fund will lay the cornerstone for realizing an irreplaceable Korea," and said, "I ask for party-government cooperation so it can be pursued with speed."

※ This article has been translated by AI. Share your feedback here.