National AI Chip Fund for Citizens Restructured into 150 Trillion Won National Project, Future of Korea's Economy

Key points in 3 lines

1. The Lee Jae-myung government has unveiled a plan to create a national AI chip fund worth about 150 trillion won, in which citizens will participate directly as investors.
2. The government will first contribute about 20% of the fund's total size to absorb initial losses, and participants will receive an income tax deduction of up to 40% of their investment.
3. The pooled funds are planned to be invested across the entire chip value chain, including nurturing fabless companies, expanding foundry facilities, and developing AI algorithms.

Written by our reporter · 3-line summary by Koto, The Korean Today's AI assistant · 88 languages ⓘ