# South Korea's chip windfall fund to back long-term growth, not welfare spending, official says

https://mins.news/en/item/33052

- Reuters, 2026-08-26 12:15 UTC
- Economy
- Original: https://www.reuters.com/world/asia-pacific/south-koreas-chip-windfall-fund-back-long-term-growth-not-welfare-spending-2026-08-26/?link_source=ta_bluesky_link&taid=6a8ed8d88f08580001b66f86

> A South Korean fund financed by record tax windfalls from the semiconductor boom will support projects over three to four years rather than recurring outlays such as welfare programs, a presidential official said Wednesday.