星球日报|May 22, 2026 02:24
[South Korea Plans to Inject Semiconductor Windfall Tax Revenue into Sovereign Wealth Fund, Seed Capital Expands to Nearly $20 Billion]
Odaily Planet Daily News: The South Korean government plans to inject part of the windfall tax revenue generated by the booming semiconductor industry into a new sovereign wealth fund set to launch in the second half of this year. The fund was originally planned to raise 20 trillion won through in-kind contributions such as shares of state-owned enterprises held by the government. However, it has now been decided to add several trillion won in cash, expanding its seed capital to nearly 30 trillion won (approximately $20 billion). This fund is a growth-oriented fund aimed at making medium- to long-term investments in potential companies within South Korea's strategic industries that are in their growth stages. The related establishment bill is expected to be submitted to the National Assembly in June, with the funding plan included in the 2027 budget proposal.
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