{"id":2028941,"date":"2026-07-06T09:38:12","date_gmt":"2026-07-06T06:38:12","guid":{"rendered":"https:\/\/analyse.optim.biz\/?p=2028941"},"modified":"2026-07-06T09:38:12","modified_gmt":"2026-07-06T06:38:12","slug":"south-korea-to-funnel-ai-chip-tax-windfall-into-public-investment-housing-and-jobs","status":"publish","type":"post","link":"https:\/\/analyse.optim.biz\/?p=2028941","title":{"rendered":"South Korea to funnel AI chip tax windfall into public investment, housing and jobs"},"content":{"rendered":"<p>[analyse_image type=&#8221;featured&#8221; src=&#8221;https:\/\/images.euronews.com\/articles\/stories\/09\/82\/65\/85\/1200x675_cmsv2_5c16cc21-b01b-584f-9eb7-2b46512fd73e-9826585.jpg&#8221;]<\/p>\n<article id=\"abe-2907614-pos1-c-latest-stories\" class=\"the-media-object m-modeMobile-1 m-modeDesktop-1 m-modeXL-1\" data-nid=\"2907614\" data-cid=\"9826864\" data-part-label=\"Partner content\">\n<figure id=\"abe-2907614-label-pos1-c-latest-stories\" class=\"the-media-object__figure\"><img decoding=\"async\" class=\"the-media-object__image\" src=\"https:\/\/images.euronews.com\/articles\/stories\/09\/82\/68\/17\/189x106_cmsv2_1b4995d6-93e5-527f-9d64-ea03e8453773-9826817.jpg\" loading=\"lazy\" alt=\"file photo\" height=\"9\" width=\"16\"><\/figure>\n<div class=\"the-media-object__content\">\n                    Travel News<\/p>\n<div class=\"the-media-object__title  \">\n<p>    Greece: Flight delays down in June, says civil aviation authority\n  <\/p><\/div>\n<\/div>\n<\/article>\n<article id=\"abe-2907613-pos2-c-latest-stories\" class=\"the-media-object m-modeMobile-1 m-modeDesktop-1 m-modeXL-1\" data-nid=\"2907613\" data-cid=\"9826837\" data-part-label=\"Partner content\">\n<figure id=\"abe-2907613-label-pos2-c-latest-stories\" class=\"the-media-object__figure\"><img decoding=\"async\" class=\"the-media-object__image\" src=\"https:\/\/images.euronews.com\/articles\/stories\/09\/82\/68\/16\/189x106_cmsv2_afb5f51d-bb00-59e6-94ff-5b315f720dc7-9826816.jpg\" loading=\"lazy\" alt=\"FILE - In this 6 July 2011 photo, revellers gather for the Chupinazo, marking the start of the 2011 San Ferm\u00edn festival in Pamplona, Spain.\" height=\"9\" width=\"16\"><\/figure>\n<div class=\"the-media-object__content\">\n                    Culture news<\/p>\n<div class=\"the-media-object__title  \">\n<p>    San Ferm\u00edn 2026 gets underway with rocket launch\n  <\/p><\/div>\n<\/div>\n<\/article>\n<article id=\"abe-2907571-pos3-c-latest-stories\" class=\"the-media-object m-modeMobile-1 m-modeDesktop-1 m-modeXL-1 the-media-object--has-video\" data-nid=\"2907571\" data-cid=\"9826526\" data-part-label=\"Partner content\">\n<figure id=\"abe-2907571-label-pos3-c-latest-stories\" class=\"the-media-object__figure\"><img decoding=\"async\" class=\"the-media-object__image\" src=\"https:\/\/images.euronews.com\/articles\/stories\/09\/82\/65\/26\/189x106_cmsv2_09b57c7f-1164-50da-ac14-546be6cfdc34-9826526.jpg\" loading=\"lazy\" alt=\"England fans celebrate after Jude Bellingham&apos;s goal during a screening of the FIFA World Cup Group\" height=\"9\" width=\"16\"><\/figure>\n<div class=\"the-media-object__content\">\n                    No Comment<\/p>\n<div class=\"the-media-object__title  \">\n<p>    Joy for England fans after dramatic World Cup victory\n  <\/p><\/div>\n<\/div>\n<\/article>\n<article id=\"abe-2907577-pos4-c-latest-stories\" class=\"the-media-object m-modeMobile-1 m-modeDesktop-1 m-modeXL-1\" data-nid=\"2907577\" data-cid=\"9826583\" data-part-label=\"Partner content\">\n<figure id=\"abe-2907577-label-pos4-c-latest-stories\" class=\"the-media-object__figure\"><img decoding=\"async\" class=\"the-media-object__image\" src=\"https:\/\/images.euronews.com\/articles\/stories\/09\/82\/65\/83\/189x106_cmsv2_753f2d3f-3ae3-52aa-9175-e18642fd0d52-9826583.jpg\" loading=\"lazy\" alt=\"Out of 27,000 European holidaymakers surveyed, 37% said they had already booked a skill-based holiday\" height=\"9\" width=\"16\"><\/figure>\n<div class=\"the-media-object__content\">\n                    Travel News<\/p>\n<div class=\"the-media-object__title  \">\n<p>    Nearly half of Europeans plan a \u2018skilliday\u2019 this summer\n  <\/p><\/div>\n<\/div>\n<\/article>\n<article id=\"abe-2907614-pos1-c-latest-stories-sidebar\" class=\"the-media-object m-modeMobile-2 m-modeDesktop-2 m-modeXL-2\" data-nid=\"2907614\" data-cid=\"9826864\" data-part-label=\"Partner content\">\n<figure id=\"abe-2907614-label-pos1-c-latest-stories-sidebar\" class=\"the-media-object__figure\"><img decoding=\"async\" class=\"the-media-object__image\" src=\"https:\/\/images.euronews.com\/articles\/stories\/09\/82\/68\/17\/189x106_cmsv2_1b4995d6-93e5-527f-9d64-ea03e8453773-9826817.jpg\" loading=\"lazy\" alt=\"file photo\" height=\"9\" width=\"16\"><\/figure>\n<div class=\"the-media-object__content\">\n                    Travel News<\/p>\n<div class=\"the-media-object__title  \">\n<p>    Greece: Flight delays down in June, says civil aviation authority\n  <\/p><\/div>\n<\/div>\n<\/article>\n<article id=\"abe-2907613-pos2-c-latest-stories-sidebar\" class=\"the-media-object m-modeMobile-2 m-modeDesktop-2 m-modeXL-2\" data-nid=\"2907613\" data-cid=\"9826837\" data-part-label=\"Partner content\">\n<figure id=\"abe-2907613-label-pos2-c-latest-stories-sidebar\" class=\"the-media-object__figure\"><img decoding=\"async\" class=\"the-media-object__image\" src=\"https:\/\/images.euronews.com\/articles\/stories\/09\/82\/68\/16\/189x106_cmsv2_afb5f51d-bb00-59e6-94ff-5b315f720dc7-9826816.jpg\" loading=\"lazy\" alt=\"FILE - In this 6 July 2011 photo, revellers gather for the Chupinazo, marking the start of the 2011 San Ferm\u00edn festival in Pamplona, Spain.\" height=\"9\" width=\"16\"><\/figure>\n<div class=\"the-media-object__content\">\n                    Culture news<\/p>\n<div class=\"the-media-object__title  \">\n<p>    San Ferm\u00edn 2026 gets underway with rocket launch\n  <\/p><\/div>\n<\/div>\n<\/article>\n<article id=\"abe-2907571-pos3-c-latest-stories-sidebar\" class=\"the-media-object m-modeMobile-2 m-modeDesktop-2 m-modeXL-2 the-media-object--has-video\" data-nid=\"2907571\" data-cid=\"9826526\" data-part-label=\"Partner content\">\n<figure id=\"abe-2907571-label-pos3-c-latest-stories-sidebar\" class=\"the-media-object__figure\"><img decoding=\"async\" class=\"the-media-object__image\" src=\"https:\/\/images.euronews.com\/articles\/stories\/09\/82\/65\/26\/189x106_cmsv2_09b57c7f-1164-50da-ac14-546be6cfdc34-9826526.jpg\" loading=\"lazy\" alt=\"England fans celebrate after Jude Bellingham&apos;s goal during a screening of the FIFA World Cup Group\" height=\"9\" width=\"16\"><\/figure>\n<div class=\"the-media-object__content\">\n                    No Comment<\/p>\n<div class=\"the-media-object__title  \">\n<p>    Joy for England fans after dramatic World Cup victory\n  <\/p><\/div>\n<\/div>\n<\/article>\n<article id=\"abe-2907577-pos4-c-latest-stories-sidebar\" class=\"the-media-object m-modeMobile-2 m-modeDesktop-2 m-modeXL-2\" data-nid=\"2907577\" data-cid=\"9826583\" data-part-label=\"Partner content\">\n<figure id=\"abe-2907577-label-pos4-c-latest-stories-sidebar\" class=\"the-media-object__figure\"><img decoding=\"async\" class=\"the-media-object__image\" src=\"https:\/\/images.euronews.com\/articles\/stories\/09\/82\/65\/83\/189x106_cmsv2_753f2d3f-3ae3-52aa-9175-e18642fd0d52-9826583.jpg\" loading=\"lazy\" alt=\"Out of 27,000 European holidaymakers surveyed, 37% said they had already booked a skill-based holiday\" height=\"9\" width=\"16\"><\/figure>\n<div class=\"the-media-object__content\">\n                    Travel News<\/p>\n<div class=\"the-media-object__title  \">\n<p>    Nearly half of Europeans plan a \u2018skilliday\u2019 this summer\n  <\/p><\/div>\n<\/div>\n<\/article>\n<article class=\"helper-site-row o-article-newsy\">\n<div class=\"helper-site-container o-article-newsy__container\">\n<div class=\"o-article-newsy__main\">\n<header class=\"h-grid o-article-newsy__main__header\">\n<nav aria-label=\"Breadcrumbs\" class=\"c-article-breadcrumbs\">\n<div id=\"adb-article-breadcrumb\" class=\"c-article-breadcrumbs__list\">\n<p>                          Business<\/p>\n<p>                          Business<\/p><\/div>\n<\/nav>\n<h1 class=\"c-article-redesign-title\">\n                            South Korea to funnel AI chip tax windfall into public investment, housing and jobs<\/h1>\n<div class=\"c-article-image-video u-position-relative \">\n<div class=\"js-superdiv u-aspect-ratio-16x9 u-position-relative \" data-sponsored=\"Partner content\"><img fetchpriority=\"high\" decoding=\"async\" class=\"js-poster-img c-article-media__img\" src=\"https:\/\/images.euronews.com\/articles\/stories\/09\/82\/65\/85\/1536x864_cmsv2_5c16cc21-b01b-584f-9eb7-2b46512fd73e-9826585.jpg\" width=\"1536\" height=\"864\" loading=\"eager\" alt=\"Hyemin Cho, RX Consultant at RLWRLD, speaks during an interview with The Associated Press in Seoul, South Korea, 28 April 2026\"><\/div>\n<div class=\"c-article-caption u-position-absolute\"><i id=\"article-caption-content\" class=\"c-article-caption__content\"><span class=\"c-article-caption__text\"><br \/>\n              Hyemin Cho, RX Consultant at RLWRLD, speaks during an interview with The Associated Press in Seoul, South Korea, 28 April 2026<br \/>\n                    <span class=\"u-color-white\">&#8211;\u00a0<\/span><span class=\"c-article-caption__copyright\">Copyright\u00a0<\/span><span class=\"c-article-caption__credit\">AP Photo\/Lee Jin-man<\/span><\/span><\/i><\/div>\n<div class=\"c-article-image-copyright c-article-image-copyright--novideo\">\n      Copyright\u00a0AP Photo\/Lee Jin-man\n  <\/div>\n<\/div>\n<\/header>\n<div class=\"h-grid o-article-newsy__main__body u-article-content\">\n<div class=\"o-article-newsy__contributors-publication-date\">\n<div class=\"c-article-contributors\">\n  By&amp;nbspQuirino Mealha\n<\/div>\n<div class=\"c-article-publication-date\" data-timestamp=\"1783330692\">\n         Published on<br \/>\n            <time datetime=\"2026-07-06 11:38:12 +02:00\">06\/07\/2026 &#8211; 11:38 GMT+2<\/time><\/div>\n<\/div>\n<div class=\"c-article-share-comment u-align-items-center u-display-flex\"><span class=\"c-article-share-comment__links u-align-items-center u-display-flex u-justify-content-center js-c-article-share-comment-share\"><span class=\"c-article-share-comment__label\">Share<\/span><\/span><span class=\"c-article-share-comment__label\">Comments<\/span><span 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class=\"u-display-flex u-gap-1 u-show-for-mobile-only\"><img decoding=\"async\" src=\"https:\/\/static.euronews.com\/website\/images\/vector\/social-icons\/article-redesign-threads.svg\" width=\"24\" height=\"24\" alt=\"threads\" loading=\"lazy\"><span>Threads<\/span><\/span><img decoding=\"async\" src=\"https:\/\/static.euronews.com\/website\/images\/vector\/social-icons\/article-redesign-threads.svg\" width=\"48\" height=\"48\" alt=\"threads\" class=\"u-show-for-desktop\" loading=\"lazy\"><span class=\"u-display-flex u-gap-1 u-show-for-mobile-only\"><img decoding=\"async\" src=\"https:\/\/static.euronews.com\/website\/images\/vector\/social-icons\/article-redesign-whatsapp.svg\" width=\"24\" height=\"24\" alt=\"whatsapp\" loading=\"lazy\"><span>Whatsapp<\/span><\/span><img decoding=\"async\" src=\"https:\/\/static.euronews.com\/website\/images\/vector\/social-icons\/article-redesign-whatsapp.svg\" width=\"48\" height=\"48\" alt=\"whatsapp\" class=\"u-show-for-desktop\" loading=\"lazy\"><\/div>\n<\/div>\n<\/div>\n<\/div>\n<h2 class=\"c-article-summary\">\n        South Korea plans to channel a surge in tax revenue from its booming AI chipmakers into a new state fund, backing everything from semiconductor infrastructure to housing and jobs for young people.<br \/>\n    <\/h2>\n<div class=\"c-article-content c-article-content--business js-article-content\">\n<p>The South Korean government intends to set aside the extra tax income flowing from its record-breaking chip industry in a dedicated &#8220;future response fund&#8221;, the presidential office said, using the proceeds of the AI boom to bankroll public projects ranging from industrial infrastructure to support for younger generations.<\/p>\n<div>\n<div class=\"c-ad u-show-for-mobile-only\">\n<div class=\"c-ad__placeholder\"><img decoding=\"async\" class=\"c-ad__placeholder__logo\" src=\"https:\/\/static.euronews.com\/website\/images\/logos\/logo-euronews-stacked-outlined-72x72-grey-9.svg\" width=\"72\" height=\"72\" alt loading=\"lazy\"><span>ADVERTISEMENT<\/span><\/div>\n<\/div>\n<div class=\"c-ad u-show-for-desktop\">\n<div class=\"c-ad__placeholder\"><img decoding=\"async\" class=\"c-ad__placeholder__logo\" src=\"https:\/\/static.euronews.com\/website\/images\/logos\/logo-euronews-stacked-outlined-72x72-grey-9.svg\" width=\"72\" height=\"72\" alt loading=\"lazy\"><span>ADVERTISEMENT<\/span><\/div>\n<\/div>\n<\/div>\n<p>Behind the windfall sit Samsung Electronics and SK hynix, whose memory chips have become essential to the data centres powering the global AI race. <\/p>\n<p>Their record profits this year have propelled the wider economy, and swollen the government&#8217;s tax receipts along the way.<\/p>\n<p>Presidential chief of staff Kang Hoon-sik outlined the plan at a meeting between the government and the ruling party on Sunday, saying the fund would help finance large-scale projects built around AI and semiconductors, while also tackling inequality and helping young people with housing, start-ups and work. <\/p>\n<p>Kang warned that the extra revenue thrown off by the chip boom must not be squandered at what he described as a decisive moment for the country&#8217;s future.<\/p>\n<p>No figure was provided for the fund&#8217;s size, as the government will consider its use at a fiscal strategy meeting this month before consulting the public. <\/p>\n<p>In an interview with the Dong-A Ilbo newspaper, Kang added that part of the money would go towards the utilities on which chip plants depend, above all power and water.<\/p>\n<div class=\"c-widget-related\" data-stories-id data-event=\"widget_related\">\n<div class=\"c-widget-related__title\"><b class=\"c-widget-related__title__text\" lang=\"en\">Related<\/b><\/div>\n<ul class=\"c-widget-related__list\">\n<li class=\"c-widget-related__item\">Memory chip giants SK Hynix and Micron cross $1tn valuation amid AI mania<\/li>\n<li class=\"c-widget-related__item\">Asian stocks rally after Dow sets fresh record, though chip weakness lingers<\/li>\n<\/ul>\n<\/div>\n<h2>A boom that keeps giving<\/h2>\n<p>The windfall reflects an extraordinary run for Korea&#8217;s chipmakers. <\/p>\n<p>Samsung shares surged more than 170% in the first half of the year, and SK hynix shares rose more than 300%, carrying both companies past $1 trillion (\u20ac874bn) in market value. <\/p>\n<p>Samsung is due to publish preliminary second-quarter earnings on Tuesday, while SK hynix plans to raise 45 trillion won (\u20ac25.7bn) through a listing on the Nasdaq. <\/p>\n<p>Both are also part of an 800 trillion won (\u20ac457bn) public-private push, unveiled last week, to build a new chipmaking hub in the country&#8217;s southwest.<\/p>\n<p>How the windfall should be spent has become a live political debate. <\/p>\n<p>In May, presidential policy chief Kim Yong-beom floated using it for start-ups, young people, basic income schemes in rural and fishing communities, and support for artists. <\/p>\n<p>The boom has also emboldened workers as Samsung averted a major walkout in May by agreeing to a bonus deal with its largest union.<\/p>\n<\/div>\n<footer class=\"perf-cv-auto c-article-contributors c-article-contributors-supplementary u-margin-top-2 u-padding-top-2\">\n<p>Additional sources<strong> \u2022 AFP<\/strong><\/p>\n<\/footer>\n<p>                                  Go to accessibility shortcuts<\/p>\n<div class=\"c-article-share-comment u-align-items-center u-display-flex\"><span class=\"c-article-share-comment__links u-align-items-center u-display-flex u-justify-content-center js-c-article-share-comment-share\"><span class=\"c-article-share-comment__label\">Share<\/span><\/span><span class=\"c-article-share-comment__label\">Comments<\/span><span class=\"c-article-share-comment__label c-article-share-comment__label--always\">Add Euronews on Google<\/span><\/div>\n<div id=\"adb-article-you-might-also-like\" class=\"perf-cv-auto c-article-you-might-also-like\">\n<h2 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Storage tanks are seen at the North Jiddah bulk plant, an Aramco oil facility, in Jiddah, Saudi Arabia, 21 March 2021\" height=\"9\" width=\"16\"><\/figure>\n<div class=\"the-media-object__content\">\n                    Economy<\/p>\n<h3 class=\"the-media-object__title  \">\n<p>    OPEC+ agrees another modest output rise as oil prices continue to fall<br \/>\n  <\/h3>\n<\/div>\n<\/article>\n<article id=\"abe-2907062-pos1-c-article-you-might-also-like__item\" class=\"the-media-object m-modeMobile-1 m-modeDesktop-1 m-modeXL-1\" data-nid=\"2907062\" data-cid=\"9824391\" data-part-label=\"Partner content\">\n<figure id=\"abe-2907062-label-pos1-c-article-you-might-also-like__item\" class=\"the-media-object__figure\"><img decoding=\"async\" class=\"the-media-object__image\" src=\"https:\/\/images.euronews.com\/articles\/stories\/09\/82\/43\/91\/480x270_cmsv2_0d56aa08-f1da-529b-89b1-225c2f4afe39-9824391.jpg\" loading=\"lazy\" alt=\"Women demonstrate with posters reading &quot;Equal pay now&quot;, right, and &quot;Solidarity with women around the world&quot; during a demonstration as part of the International Women&apos;s Day, We\" height=\"9\" width=\"16\"><\/figure>\n<div class=\"the-media-object__content\">\n                    Economy<\/p>\n<h3 class=\"the-media-object__title  \">\n<p>    Gender pay gap vs pension gap: Why is inequality worse in retirement?<br \/>\n  <\/h3>\n<\/div>\n<\/article>\n<article id=\"abe-2907037-pos2-c-article-you-might-also-like__item\" class=\"the-media-object m-modeMobile-1 m-modeDesktop-1 m-modeXL-1 the-media-object--has-video\" data-nid=\"2907037\" data-cid=\"9824280\" data-part-label=\"Partner content\">\n<figure id=\"abe-2907037-label-pos2-c-article-you-might-also-like__item\" class=\"the-media-object__figure\"><img decoding=\"async\" class=\"the-media-object__image\" src=\"https:\/\/images.euronews.com\/articles\/stories\/09\/82\/42\/80\/480x270_cmsv2_17100f35-ed7f-57fd-ba7d-403304330003-9824280.jpg\" loading=\"lazy\" alt=\"European Central Bank President Christine Lagarde, left, speaks with French President Emmanuel Macron during a Euro Summit working dinner in Brussels, October 2025.\" height=\"9\" width=\"16\"><\/figure>\n<div class=\"the-media-object__content\">\n                    Europe News<\/p>\n<h3 class=\"the-media-object__title  \">\n<p>    Lagarde mulls leaving ECB early to play a role in French elections<br \/>\n  <\/h3>\n<\/div>\n<\/article>\n<\/div>\n<\/div>\n<div class=\"perf-cv-auto\">\n<ul id=\"adb-article-tags\" class=\"c-tags-list\">\n<li class=\"c-tags-list__item\">\n<section class=\"tc-cta\" data-twig-component=\"Cta-default\">\n  AI<br \/>\n<\/section>\n<\/li>\n<li class=\"c-tags-list__item\">\n<section class=\"tc-cta\" data-twig-component=\"Cta-default\">\n  Funds<br \/>\n<\/section>\n<\/li>\n<li class=\"c-tags-list__item\">\n<section class=\"tc-cta\" data-twig-component=\"Cta-default\">\n  Taxes<br \/>\n<\/section>\n<\/li>\n<li class=\"c-tags-list__item\">\n<section class=\"tc-cta\" data-twig-component=\"Cta-default\">\n  Public sector<br \/>\n<\/section>\n<\/li>\n<li class=\"c-tags-list__item\">\n<section class=\"tc-cta\" data-twig-component=\"Cta-default\">\n  Investment<br \/>\n<\/section>\n<\/li>\n<li class=\"c-tags-list__item\">\n<section class=\"tc-cta\" data-twig-component=\"Cta-default\">\n  South Korea<br \/>\n<\/section>\n<\/li>\n<\/ul>\n<\/div>\n<\/div>\n<\/div>\n<aside class=\"o-article-newsy__aside\">\n<div class=\"c-ad-wrapper o-article-newsy__aside__content-1\" data-ad-name=\"adzone-halfpage\">\n<div class=\"c-ad c-ad-halfpage u-show-for-desktop\">\n<div class=\"c-ad__placeholder\"><img loading=\"lazy\" decoding=\"async\" class=\"c-ad__placeholder__logo\" src=\"https:\/\/static.euronews.com\/website\/images\/logos\/logo-euronews-stacked-outlined-72x72-grey-9.svg\" width=\"72\" height=\"72\" alt><span>ADVERTISEMENT<\/span><\/div>\n<\/div>\n<div class=\"c-ad u-show-for-mobile-only\">\n<div class=\"c-ad__placeholder\"><img loading=\"lazy\" decoding=\"async\" class=\"c-ad__placeholder__logo\" src=\"https:\/\/static.euronews.com\/website\/images\/logos\/logo-euronews-stacked-outlined-72x72-grey-9.svg\" width=\"72\" height=\"72\" alt><span>ADVERTISEMENT<\/span><\/div>\n<\/div>\n<\/div>\n<div id=\"adb-article-top-stories\" class=\"perf-cv-auto c-top-stories\">\n<h2 class=\"c-top-stories__title\">Top stories<\/h2>\n<div class=\"c-top-stories__item\">\n<article id=\"abe-2907568-pos2-top-stories\" class=\"the-media-object m-modeMobile-2 m-modeDesktop-2 m-modeXL-2 the-media-object--no-label\" data-nid=\"2907568\" data-cid=\"9826478\" data-part-label=\"Partner content\">\n<figure id=\"abe-2907568-label-pos2-top-stories\" class=\"the-media-object__figure\"><img decoding=\"async\" class=\"the-media-object__image\" src=\"https:\/\/images.euronews.com\/articles\/stories\/09\/82\/64\/78\/320x180_cmsv2_dfd6fc06-c9c1-563d-aefc-0c367adeb266-9826478.jpg\" loading=\"lazy\" alt=\"File - The logo of the &apos;easyJet&apos; airline is seen on a wing of an airplane on a flight from Milan, Italy, to Berlin, Germany, on Monday, 23. Feb. 2026. \" height=\"9\" width=\"16\"><\/figure>\n<div class=\"the-media-object__content\">\n<h3 class=\"the-media-object__title  \">\n<p>    EasyJet shares jump 10% as board backs Castlelake takeover proposal<br \/>\n  <\/h3>\n<\/div>\n<\/article>\n<\/div>\n<div class=\"c-top-stories__item\">\n<article id=\"abe-2907575-pos3-top-stories\" class=\"the-media-object m-modeMobile-2 m-modeDesktop-2 m-modeXL-2 the-media-object--no-label\" data-nid=\"2907575\" data-cid=\"9826558\" data-part-label=\"Partner content\">\n<figure id=\"abe-2907575-label-pos3-top-stories\" class=\"the-media-object__figure\"><img decoding=\"async\" class=\"the-media-object__image\" src=\"https:\/\/images.euronews.com\/articles\/stories\/09\/82\/65\/58\/320x180_cmsv2_01e7c9e7-0524-5848-a42f-38906017b0de-9826558.jpg\" loading=\"lazy\" alt=\"FILE. Storage tanks are seen at the North Jiddah bulk plant, an Aramco oil facility, in Jiddah, Saudi Arabia, 21 March 2021\" height=\"9\" width=\"16\"><\/figure>\n<div class=\"the-media-object__content\">\n<h3 class=\"the-media-object__title  \">\n<p>    OPEC+ agrees another modest output rise as oil prices continue to fall<br \/>\n  <\/h3>\n<\/div>\n<\/article>\n<\/div>\n<div class=\"c-top-stories__item\">\n<article id=\"abe-2907062-pos4-top-stories\" class=\"the-media-object m-modeMobile-2 m-modeDesktop-2 m-modeXL-2 the-media-object--no-label\" data-nid=\"2907062\" data-cid=\"9824391\" data-part-label=\"Partner content\">\n<figure id=\"abe-2907062-label-pos4-top-stories\" class=\"the-media-object__figure\"><img decoding=\"async\" class=\"the-media-object__image\" src=\"https:\/\/images.euronews.com\/articles\/stories\/09\/82\/43\/91\/320x180_cmsv2_0d56aa08-f1da-529b-89b1-225c2f4afe39-9824391.jpg\" loading=\"lazy\" alt=\"Women demonstrate with posters reading &quot;Equal pay now&quot;, right, and &quot;Solidarity with women around the world&quot; during a demonstration as part of the International Women&apos;s Day, We\" height=\"9\" width=\"16\"><\/figure>\n<div class=\"the-media-object__content\">\n<h3 class=\"the-media-object__title  \">\n<p>    Gender pay gap vs pension gap: Why is inequality worse in retirement?<br \/>\n  <\/h3>\n<\/div>\n<\/article>\n<\/div>\n<div class=\"c-top-stories__item\">\n<article id=\"abe-2907037-pos5-top-stories\" class=\"the-media-object m-modeMobile-2 m-modeDesktop-2 m-modeXL-2 the-media-object--has-video the-media-object--no-label\" data-nid=\"2907037\" data-cid=\"9824280\" data-part-label=\"Partner content\">\n<figure id=\"abe-2907037-label-pos5-top-stories\" class=\"the-media-object__figure\"><img decoding=\"async\" class=\"the-media-object__image\" src=\"https:\/\/images.euronews.com\/articles\/stories\/09\/82\/42\/80\/320x180_cmsv2_17100f35-ed7f-57fd-ba7d-403304330003-9824280.jpg\" loading=\"lazy\" alt=\"European Central Bank President Christine Lagarde, left, speaks with French President Emmanuel Macron during a Euro Summit working dinner in Brussels, October 2025.\" height=\"9\" width=\"16\"><\/figure>\n<div class=\"the-media-object__content\">\n<h3 class=\"the-media-object__title  \">\n<p>    Lagarde mulls leaving ECB early to play a role in French elections<br \/>\n  <\/h3>\n<\/div>\n<\/article>\n<\/div>\n<div class=\"c-top-stories__item\">\n<article id=\"abe-2906879-pos6-top-stories\" class=\"the-media-object m-modeMobile-2 m-modeDesktop-2 m-modeXL-2 the-media-object--no-label\" data-nid=\"2906879\" data-cid=\"9823432\" data-part-label=\"Partner content\">\n<figure id=\"abe-2906879-label-pos6-top-stories\" class=\"the-media-object__figure\"><img decoding=\"async\" class=\"the-media-object__image\" src=\"https:\/\/images.euronews.com\/articles\/stories\/09\/82\/34\/32\/320x180_cmsv2_62816e93-7e19-519c-a3a1-d09c0324c97b-9823432.jpg\" loading=\"lazy\" alt=\"Pensioners and patients protest during the second day of the health workers strike in Bellvitge, Spain, Wednesday Nov. 16, 2011. \" height=\"9\" width=\"16\"><\/figure>\n<div class=\"the-media-object__content\">\n<h3 class=\"the-media-object__title  \">\n<p>    Retired but working: Where is financial necessity the biggest reason?<br \/>\n  <\/h3>\n<\/div>\n<\/article>\n<\/div>\n<\/div>\n<div class=\"perf-cv-auto c-ad-wrapper o-article-newsy__aside__content-2\" data-ad-name=\"adzone-halfpage\">\n<div class=\"c-ad c-ad-halfpage u-show-for-desktop\">\n<div class=\"c-ad__placeholder\"><img loading=\"lazy\" decoding=\"async\" class=\"c-ad__placeholder__logo\" src=\"https:\/\/static.euronews.com\/website\/images\/logos\/logo-euronews-stacked-outlined-72x72-grey-9.svg\" width=\"72\" height=\"72\" alt><span>ADVERTISEMENT<\/span><\/div>\n<\/div>\n<div class=\"c-ad u-show-for-mobile-only\">\n<div class=\"c-ad__placeholder\"><img loading=\"lazy\" decoding=\"async\" class=\"c-ad__placeholder__logo\" src=\"https:\/\/static.euronews.com\/website\/images\/logos\/logo-euronews-stacked-outlined-72x72-grey-9.svg\" width=\"72\" height=\"72\" alt><span>ADVERTISEMENT<\/span><\/div>\n<\/div>\n<\/div>\n<div class=\"perf-cv-auto c-most-viewed\">\n<h2 class=\"c-most-viewed__title qa-section-title\">Most read<\/h2>\n<div class=\"c-most-viewed__list\">\n<div class=\"c-most-viewed__item\"><span class=\"c-most-viewed__item__number\">1<\/span><\/p>\n<article id=\"abe-2906567-pos1-mostViewed\" class=\"the-media-object m-modeMobile-3 m-modeDesktop-3 m-modeXL-3 the-media-object--has-related the-media-object--no-label\" data-nid=\"2906567\" data-cid=\"9821639\" data-part-label=\"Partner content\">\n<div class=\"the-media-object__content\">\n<h3 class=\"the-media-object__title  \">\n<p>    Where are the wealthiest young people in Europe?<br \/>\n  <\/h3>\n<\/div>\n<\/article>\n<\/div>\n<div class=\"c-most-viewed__item\"><span class=\"c-most-viewed__item__number\">2<\/span><\/p>\n<article 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alt><span>ADVERTISEMENT<\/span><\/div>\n<\/div>\n<\/div>\n<\/aside>\n<\/div>\n<\/article>\n<article id=\"abe-2907575-pos0-c-article-you-might-also-like__item\" class=\"the-media-object m-modeMobile-1 m-modeDesktop-1 m-modeXL-1\" data-nid=\"2907575\" data-cid=\"9826558\" data-part-label=\"Partner content\">\n<figure id=\"abe-2907575-label-pos0-c-article-you-might-also-like__item\" class=\"the-media-object__figure\"><img decoding=\"async\" class=\"the-media-object__image\" src=\"https:\/\/images.euronews.com\/articles\/stories\/09\/82\/65\/58\/480x270_cmsv2_01e7c9e7-0524-5848-a42f-38906017b0de-9826558.jpg\" loading=\"lazy\" alt=\"FILE. Storage tanks are seen at the North Jiddah bulk plant, an Aramco oil facility, in Jiddah, Saudi Arabia, 21 March 2021\" height=\"9\" width=\"16\"><\/figure>\n<div class=\"the-media-object__content\">\n                    Economy<\/p>\n<h3 class=\"the-media-object__title  \">\n<p>    OPEC+ agrees another modest output rise as oil prices continue to fall<br \/>\n  <\/h3>\n<\/div>\n<\/article>\n<article id=\"abe-2907062-pos1-c-article-you-might-also-like__item\" class=\"the-media-object m-modeMobile-1 m-modeDesktop-1 m-modeXL-1\" data-nid=\"2907062\" data-cid=\"9824391\" data-part-label=\"Partner content\">\n<figure id=\"abe-2907062-label-pos1-c-article-you-might-also-like__item\" class=\"the-media-object__figure\"><img decoding=\"async\" class=\"the-media-object__image\" src=\"https:\/\/images.euronews.com\/articles\/stories\/09\/82\/43\/91\/480x270_cmsv2_0d56aa08-f1da-529b-89b1-225c2f4afe39-9824391.jpg\" loading=\"lazy\" alt=\"Women demonstrate with posters reading &quot;Equal pay now&quot;, right, and &quot;Solidarity with women around the world&quot; during a demonstration as part of the International Women&apos;s Day, We\" height=\"9\" width=\"16\"><\/figure>\n<div class=\"the-media-object__content\">\n                    Economy<\/p>\n<h3 class=\"the-media-object__title  \">\n<p>    Gender pay gap vs pension gap: Why is inequality worse in retirement?<br \/>\n  <\/h3>\n<\/div>\n<\/article>\n<article id=\"abe-2907037-pos2-c-article-you-might-also-like__item\" class=\"the-media-object m-modeMobile-1 m-modeDesktop-1 m-modeXL-1 the-media-object--has-video\" data-nid=\"2907037\" data-cid=\"9824280\" data-part-label=\"Partner content\">\n<figure id=\"abe-2907037-label-pos2-c-article-you-might-also-like__item\" class=\"the-media-object__figure\"><img decoding=\"async\" class=\"the-media-object__image\" src=\"https:\/\/images.euronews.com\/articles\/stories\/09\/82\/42\/80\/480x270_cmsv2_17100f35-ed7f-57fd-ba7d-403304330003-9824280.jpg\" loading=\"lazy\" alt=\"European Central Bank President Christine Lagarde, left, speaks with French President Emmanuel Macron during a Euro Summit working dinner in Brussels, October 2025.\" height=\"9\" width=\"16\"><\/figure>\n<div class=\"the-media-object__content\">\n                    Europe News<\/p>\n<h3 class=\"the-media-object__title  \">\n<p>    Lagarde mulls leaving ECB early to play a role in French elections<br \/>\n  <\/h3>\n<\/div>\n<\/article>\n<article id=\"abe-2907568-pos2-top-stories\" class=\"the-media-object m-modeMobile-2 m-modeDesktop-2 m-modeXL-2 the-media-object--no-label\" data-nid=\"2907568\" data-cid=\"9826478\" data-part-label=\"Partner content\">\n<figure id=\"abe-2907568-label-pos2-top-stories\" class=\"the-media-object__figure\"><img decoding=\"async\" class=\"the-media-object__image\" src=\"https:\/\/images.euronews.com\/articles\/stories\/09\/82\/64\/78\/320x180_cmsv2_dfd6fc06-c9c1-563d-aefc-0c367adeb266-9826478.jpg\" loading=\"lazy\" alt=\"File - The logo of the &apos;easyJet&apos; airline is seen on a wing of an airplane on a flight from Milan, Italy, to Berlin, Germany, on Monday, 23. Feb. 2026. \" height=\"9\" width=\"16\"><\/figure>\n<div class=\"the-media-object__content\">\n<h3 class=\"the-media-object__title  \">\n<p>    EasyJet shares jump 10% as board backs Castlelake takeover proposal<br \/>\n  <\/h3>\n<\/div>\n<\/article>\n<article id=\"abe-2907575-pos3-top-stories\" class=\"the-media-object m-modeMobile-2 m-modeDesktop-2 m-modeXL-2 the-media-object--no-label\" data-nid=\"2907575\" data-cid=\"9826558\" data-part-label=\"Partner content\">\n<figure id=\"abe-2907575-label-pos3-top-stories\" class=\"the-media-object__figure\"><img decoding=\"async\" class=\"the-media-object__image\" src=\"https:\/\/images.euronews.com\/articles\/stories\/09\/82\/65\/58\/320x180_cmsv2_01e7c9e7-0524-5848-a42f-38906017b0de-9826558.jpg\" loading=\"lazy\" alt=\"FILE. Storage tanks are seen at the North Jiddah bulk plant, an Aramco oil facility, in Jiddah, Saudi Arabia, 21 March 2021\" height=\"9\" width=\"16\"><\/figure>\n<div class=\"the-media-object__content\">\n<h3 class=\"the-media-object__title  \">\n<p>    OPEC+ agrees another modest output rise as oil prices continue to fall<br \/>\n  <\/h3>\n<\/div>\n<\/article>\n<article id=\"abe-2907062-pos4-top-stories\" class=\"the-media-object m-modeMobile-2 m-modeDesktop-2 m-modeXL-2 the-media-object--no-label\" data-nid=\"2907062\" data-cid=\"9824391\" data-part-label=\"Partner content\">\n<figure id=\"abe-2907062-label-pos4-top-stories\" class=\"the-media-object__figure\"><img decoding=\"async\" class=\"the-media-object__image\" src=\"https:\/\/images.euronews.com\/articles\/stories\/09\/82\/43\/91\/320x180_cmsv2_0d56aa08-f1da-529b-89b1-225c2f4afe39-9824391.jpg\" loading=\"lazy\" alt=\"Women demonstrate with posters reading &quot;Equal pay now&quot;, right, and &quot;Solidarity with women around the world&quot; during a demonstration as part of the International Women&apos;s Day, We\" height=\"9\" width=\"16\"><\/figure>\n<div class=\"the-media-object__content\">\n<h3 class=\"the-media-object__title  \">\n<p>    Gender pay gap vs pension gap: Why is inequality worse in retirement?<br \/>\n  <\/h3>\n<\/div>\n<\/article>\n<article id=\"abe-2907037-pos5-top-stories\" class=\"the-media-object m-modeMobile-2 m-modeDesktop-2 m-modeXL-2 the-media-object--has-video the-media-object--no-label\" data-nid=\"2907037\" data-cid=\"9824280\" data-part-label=\"Partner content\">\n<figure id=\"abe-2907037-label-pos5-top-stories\" class=\"the-media-object__figure\"><img decoding=\"async\" class=\"the-media-object__image\" src=\"https:\/\/images.euronews.com\/articles\/stories\/09\/82\/42\/80\/320x180_cmsv2_17100f35-ed7f-57fd-ba7d-403304330003-9824280.jpg\" loading=\"lazy\" alt=\"European Central Bank President Christine Lagarde, left, speaks with French President Emmanuel Macron during a Euro Summit working dinner in Brussels, October 2025.\" height=\"9\" width=\"16\"><\/figure>\n<div class=\"the-media-object__content\">\n<h3 class=\"the-media-object__title  \">\n<p>    Lagarde mulls leaving ECB early to play a role in French elections<br \/>\n  <\/h3>\n<\/div>\n<\/article>\n<article id=\"abe-2906879-pos6-top-stories\" class=\"the-media-object m-modeMobile-2 m-modeDesktop-2 m-modeXL-2 the-media-object--no-label\" data-nid=\"2906879\" data-cid=\"9823432\" data-part-label=\"Partner content\">\n<figure id=\"abe-2906879-label-pos6-top-stories\" class=\"the-media-object__figure\"><img decoding=\"async\" class=\"the-media-object__image\" src=\"https:\/\/images.euronews.com\/articles\/stories\/09\/82\/34\/32\/320x180_cmsv2_62816e93-7e19-519c-a3a1-d09c0324c97b-9823432.jpg\" loading=\"lazy\" alt=\"Pensioners and patients protest during the second day of the health workers strike in Bellvitge, Spain, Wednesday Nov. 16, 2011. \" height=\"9\" width=\"16\"><\/figure>\n<div class=\"the-media-object__content\">\n<h3 class=\"the-media-object__title  \">\n<p>    Retired but working: Where is financial necessity the biggest reason?<br \/>\n  <\/h3>\n<\/div>\n<\/article>\n<article id=\"abe-2906567-pos1-mostViewed\" class=\"the-media-object m-modeMobile-3 m-modeDesktop-3 m-modeXL-3 the-media-object--has-related the-media-object--no-label\" data-nid=\"2906567\" data-cid=\"9821639\" data-part-label=\"Partner content\">\n<div class=\"the-media-object__content\">\n<h3 class=\"the-media-object__title  \">\n<p>    Where are the wealthiest young people in Europe?<br \/>\n  <\/h3>\n<\/div>\n<\/article>\n<article id=\"abe-2906648-pos2-mostViewed\" class=\"the-media-object m-modeMobile-3 m-modeDesktop-3 m-modeXL-3 the-media-object--has-related the-media-object--no-label\" data-nid=\"2906648\" data-cid=\"9822073\" data-part-label=\"Partner content\">\n<div class=\"the-media-object__content\">\n<h3 class=\"the-media-object__title  \">\n<p>    Spain jobless rate at 2008 low, foreign employment hits record<br \/>\n  <\/h3>\n<\/div>\n<\/article>\n<article id=\"abe-2904805-pos3-mostViewed\" class=\"the-media-object m-modeMobile-3 m-modeDesktop-3 m-modeXL-3 the-media-object--has-video the-media-object--has-related the-media-object--no-label\" data-nid=\"2904805\" data-cid=\"9812928\" data-part-label=\"Partner content\">\n<div class=\"the-media-object__content\">\n<h3 class=\"the-media-object__title  \">\n<p>    Where do workers lose the biggest share of their salaries in Europe?<br \/>\n  <\/h3>\n<\/div>\n<\/article>\n<article id=\"abe-2906791-pos4-mostViewed\" class=\"the-media-object m-modeMobile-3 m-modeDesktop-3 m-modeXL-3 the-media-object--has-related the-media-object--no-label\" data-nid=\"2906791\" data-cid=\"9822948\" data-part-label=\"Partner content\">\n<div class=\"the-media-object__content\">\n<h3 class=\"the-media-object__title  \">\n<p>    World&#8217;s largest LNG container ship enters Asia-Europe service<br \/>\n  <\/h3>\n<\/div>\n<\/article>\n<article id=\"abe-2907062-pos5-mostViewed\" class=\"the-media-object m-modeMobile-3 m-modeDesktop-3 m-modeXL-3 the-media-object--has-related the-media-object--no-label\" data-nid=\"2907062\" data-cid=\"9824391\" data-part-label=\"Partner content\">\n<div class=\"the-media-object__content\">\n<h3 class=\"the-media-object__title  \">\n<p>    Gender pay gap vs pension gap: Why is inequality worse in retirement?<br \/>\n  <\/h3>\n<\/div>\n<\/article>\n<div class=\"articleBody\" data-key=\"articleBody\">The South Korean government intends to set aside the extra tax income flowing from its record-breaking chip industry in a dedicated &#8220;future response fund&#8221;, the presidential office said, using the proceeds of the AI boom to bankroll public projects ranging from industrial infrastructure to support for younger generations.Behind the windfall sit Samsung Electronics and SK hynix, whose memory chips have become essential to the data centres powering the global AI race.Their record profits this year have propelled the wider economy, and swollen the government&#8217;s tax receipts along the way.Presidential chief of staff Kang Hoon-sik outlined the plan at a meeting between the government and the ruling party on Sunday, saying the fund would help finance large-scale projects built around AI and semiconductors, while also tackling inequality and helping young people with housing, start-ups and work.Kang warned that the extra revenue thrown off by the chip boom must not be squandered at what he described as a decisive moment for the country&#8217;s future.No figure was provided for the fund&#8217;s size, as the government will consider its use at a fiscal strategy meeting this month before consulting the public.In an interview with the Dong-A Ilbo newspaper, Kang added that part of the money would go towards the utilities on which chip plants depend, above all power and water.A boom that keeps givingThe windfall reflects an extraordinary run for Korea&#8217;s chipmakers.Samsung shares surged more than 170% in the first half of the year, and SK hynix shares rose more than 300%, carrying both companies past $1 trillion (\u20ac874bn) in market value.Samsung is due to publish preliminary second-quarter earnings on Tuesday, while SK hynix plans to raise 45 trillion won (\u20ac25.7bn) through a listing on the Nasdaq.Both are also part of an 800 trillion won (\u20ac457bn) public-private push, unveiled last week, to build a new chipmaking hub in the country&#8217;s southwest.How the windfall should be spent has become a live political debate.In May, presidential policy chief Kim Yong-beom floated using it for start-ups, young people, basic income schemes in rural and fishing communities, and support for artists.The boom has also emboldened workers as Samsung averted a major walkout in May by agreeing to a bonus deal with its largest union.<\/div>\n<p>[analyse_source url=&#8221;https:\/\/www.euronews.com\/business\/2026\/07\/06\/south-korea-to-funnel-ai-chip-tax-windfall-into-public-investment-housing-and-jobs&#8221;]<\/p>\n","protected":false},"excerpt":{"rendered":"<p>[analyse_image type=&#8221;featured&#8221; src=&#8221;https:\/\/images.euronews.com\/articles\/stories\/09\/82\/65\/85\/1200x675_cmsv2_5c16cc21-b01b-584f-9eb7-2b46512fd73e-9826585.jpg&#8221;] Travel News Greece: Flight delays down in June, says civil aviation authority Culture news San Ferm\u00edn 2026 gets underway with rocket launch No Comment Joy for England fans after dramatic World Cup victory Travel News Nearly half of Europeans plan a \u2018skilliday\u2019 this summer Travel News Greece: Flight delays down in June, [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[90],"tags":[226,36],"class_list":["post-2028941","post","type-post","status-publish","format-standard","hentry","category-international","tag-crawlmanager","tag-euronews-com"],"_links":{"self":[{"href":"https:\/\/analyse.optim.biz\/index.php?rest_route=\/wp\/v2\/posts\/2028941","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/analyse.optim.biz\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/analyse.optim.biz\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/analyse.optim.biz\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/analyse.optim.biz\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=2028941"}],"version-history":[{"count":0,"href":"https:\/\/analyse.optim.biz\/index.php?rest_route=\/wp\/v2\/posts\/2028941\/revisions"}],"wp:attachment":[{"href":"https:\/\/analyse.optim.biz\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=2028941"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/analyse.optim.biz\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=2028941"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/analyse.optim.biz\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=2028941"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}