- South Korea plans to establish a “Future Response Fund” to support investment in the country’s semiconductor industry.
- The fund will be financed from three sources: investments in new semiconductor projects, physical AI to AI data centers, and also, as well as funding for projects in the country’s economy, over the next 20–30 years.
- The materials say that the size, structure, and the way the fund will be launched will not be specified in detail.
South Korea plans to set up the “Future Response Fund” for the purpose of supporting investment in the country’s semiconductor industry, Yonhap reports. The materials indicate that the fund’s purpose is to provide long-term support for investment projects and to ensure their continuity.
Presidential Chief of Staff (Presidential Chief of Staff) Kang Hun-sik said that the fund will have a significant impact on the development of the semiconductor industry. In his words, South Korea’s “Future Response Fund” is not a “squander” (waste) of investment funds, but rather a way to ensure the “semiconductor boom.”
In addition, the materials note that the fund is expected to be used to finance “mega projects” — investments in semiconductor, physical AI to AI data centers. The materials also say that the fund will be financed by an “oriented” method over the next 20–30 years, including through a “cornerstone” mechanism that the President of South Korea, Lee Jae-myung, will implement.
According to Yonhap, Kang Hun-sik said that the fund’s long-term financing is expected to be maintained with the “K-shaped” recovery of the economy. The materials also add that the fund will “grow” like a “cornerstone” that President Lee Jae-myung will make “irreplaceable.”
According to the materials, the fund’s planned investment projects will be financed by “hundreds of billions of dollars” from Samsung Electronics and SK Hynix, among others. Former-Minister Han Song-suk said that the project may be implemented in phases, with the first stage to be carried out over the next five years.
According to thenextweb, the fund will be launched in the near future, and the size, structure, and the way it will be implemented are expected to be clarified by Nikkei.