South Korea plans to use a surge in tax revenue linked to its fast-growing artificial intelligence (AI) semiconductor sector to support public spending. The presidential office says the government will set up a new fund using the “windfall” from taxes paid by AI chipmakers, reflecting record profits driven by rising global demand for AI-related memory chips used in data centres.
According to reports, the fund is intended to finance a range of public initiatives. These include investment in semiconductor and data-centre infrastructure, and broader measures aimed at economic and social needs. Euronews reports that the programme covers support for housing and jobs, particularly for younger people, alongside technology-related infrastructure.
The sources collectively describe the policy as a way to translate stronger industry earnings into public investment. The government’s announcement frames the plan as part of managing growth from the AI chip boom while directing resources toward infrastructure development and domestic priorities.
