South Korea's budget minister says a planned Future Fund will invest additional tax revenue from the semiconductor boom in economic growth and social priorities.
Park Hong-geun made the remarks during a parliamentary audit on Oct. 8, setting out the ministry's approach to fiscal policy. He said the government aims to create a cycle in which proactive spending supports growth and a larger economy generates more tax revenue. Park also pledged to overhaul spending structures to protect public-finance sustainability.
The government plans to launch the Future Fund in 2027. It will channel tax receipts above their long-term trend, including revenue linked to structural economic changes or major fluctuations such as an industry supercycle. Park described the fund as both an investment platform and a fiscal stabilisation mechanism.
The additional fiscal room created by the semiconductor upcycle would be directed to young people, new growth engines, regional economies, education and talent development, rather than spent in a single year. Park also cited the rising economic and social costs of an ageing population and disparities across regions, generations and income groups as persistent challenges.