Kang Hoon-sik, chief of staff to the president, said Friday that "the Lee Jae-myung administration is pushing to create a 'Future Response Fund' to use additional tax revenue as investment resources for future generations."
Kang made the remarks while attending the ninth high-level party-government consultation meeting held at the prime minister's official residence in Jongno-gu, Seoul. "Additional tax revenue generated by the semiconductor boom and other factors must not be spent carelessly," he said.
The fund, created from the additional tax revenue, will be invested in creating future growth engines, including support for three mega projects; responding to "K-shaped" polarization; and providing housing, startup, and job support for young people in their 20s and 30s.
Regarding the three mega projects, Kang described them as "a signal flare that shifts the paradigm of balanced national development through public-private cooperation." He also stressed, "Beyond semiconductors, we will actively accommodate corporate demands so that advanced industries such as bio and aviation can take off in regional areas."
