Live Roundups Editor's Desk Insights Executive Ops Weather About 🔍
Home › Business & Finance › AI Fund a ‘Fiscal Dam’, Says South Korea Budget Minister
Business & Finance

AI Fund a ‘Fiscal Dam’, Says South Korea Budget Minister

Bloomberg Technology Tuesday 27 October 2026, 00:06 UTC 1 min read
Key Points

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)

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)
AI Fund (ORG) South Korea (LOCATION) Bloomberg (PERSON) Heesu Lee (PERSON) South Korean (ORG) Park Hong Keun (PERSON)
Originally published by Bloomberg Technology Read original →

Related Stories

US rapper Macklemore launches 'Free Palestine Tour' after Ed Sheeran fallout

US rapper Macklemore launches 'Free Palestine Tour' after Ed Sheeran fallout The rapper was removed from Sheeran's US tour in September after shouting "Free Palestine!" on stage and telling Palestinians they were "not forgotten". US rapper Macklemore on Monday (Oct 26) launched his new "Free Palestine Tour" in Dublin, Ireland, after being dropped as a supporting act by British pop star Ed Sheeran over pro-Palestinian comments.

Channel News Asia 10m ago

South Korea's economy grows faster than expected in third quarter

South Korea's economy grows faster than expected in third quarter SEOUL: South Korea's economy grew faster than expected in the third quarter on booming chip exports, advance central bank estimates showed on Tuesday (Oct 27). Gross domestic product expanded 1 per cent in the July-September quarter from the preceding three months, when it grew 0.6 per cent. It was stronger than a median 0.7 per cent increase tipped in a Reuters poll of economists.

Channel News Asia 14m ago

China and Russia are redrawing Arctic trade. Can Europe fight back?

China and Russia are tightening their grip on Arctic shipping routes, turning the rapidly warming region into a new geopolitical battleground with Europe. Moscow and Beijing last week have agreed to expand freight traffic along Arctic shipping corridors, increase services between their ports and deepen cooperation on building polar vessels. The agreement came after the EU unveiled a new Arctic strategy aimed at countering growing Russian and Chinese influence in the region.

CNBC 16m ago

Japan's September corporate services prices rise 3.7% yr/yr

Japan's September corporate services prices rise 3.7% yr/yr TOKYO, Oct 27 : A key gauge of Japan's service-sector inflation rose 3.7 per cent in September from a year earlier, data showed on Tuesday, a sign of mounting price pressures that will likely keep the central bank on track for further interest rate hikes. • The year-on-year rise in the services producer price index, which tracks the prices that companies charge each other for services, followed a revised 3.5 per cent gain in August,...

Channel News Asia 30m ago