The Zhitong Finance App learned that South Korea's Ministry of Budget said on Friday that South Korea plans to set up a new fund to use tax revenue from the country's semiconductor boom to support the younger generation and invest in future growth industries such as artificial intelligence. According to the ministry's press release, the proposed “Future Response Fund (Future Response Fund)” will fund projects aimed at helping young people find jobs, buy homes, and start families, while also supporting investments in artificial intelligence, regional development, and talent development.

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