South Korea Plans to Inject Excess Semiconductor Tax Revenue into Sovereign Wealth Fund, Expanding Seed Capital to Nearly $20 Billion

Odaily Planet Daily News The South Korean government plans to inject part of the excess tax revenue from the semiconductor industry boom, in the form of cash, into a new sovereign wealth fund set to launch in the second half of this year. The fund, originally planned to raise 20 trillion won through in-kind contributions such as government-held shares in state-owned enterprises, will now 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 mid- to long-term investments in promising companies in their growth stages within South Korea's strategic industries. The relevant establishment bill is expected to be submitted to the National Assembly in June, with the funds planned to be included in the 2027 budget proposal.