TechBloomberg Tech1h ago
AI Fund a ‘Fiscal Dam’, Says South Korea Budget Minister
TL;DRSouth Korea plans to use chip tax revenue to stabilize government finances amid rising interest rates.
Why it matters: Shows how nations are banking on AI/semiconductor booms to fund deficits—a potential economic vulnerability if that sector slows.
In an exclusive conversation with Bloomberg's Heesu Lee, South Korean budget minister Park Hong Keun says that the fund financed by semiconductor-driven tax gains will serve as a fiscal dam to cushion from higher yields (Source: Bloomberg)
Read full articleSource: Bloomberg Tech · Opens in new tab