▲ Deputy Prime Minister and Minister of Finance and Economy Koo Yun-cheol
Deputy Prime Minister and Minister of Finance and Economy Koo Yun-cheol stated regarding the use of excess tax revenue, "We must prepare for the future, and secondly, we need to provide support so that those who are struggling can get by, in order to alleviate polarization."
In a video interview released on the Ministry of Finance and Economy's YouTube channel on June 15, Deputy Prime Minister Koo remarked, "While we can strengthen the economy to ensure a continued influx of tax revenue, economic cycles can change."
He cited providing startup funding to young people to help them pursue their dreams as one example of preparing for the future.
Deputy Prime Minister Koo expressed his view that the demand for memory semiconductors, which has recently been a positive factor for the Korean economy, could increase further depending on how the era of artificial intelligence (AI) unfolds.
He noted, "Current memory demand is for data centers. Beyond data centers, demand for memory semiconductors could grow further as we move toward physical AI, or AI applied to the real world."
Regarding concerns about the economy's heavy reliance on semiconductors, Deputy Prime Minister Koo explained that sectors such as computers, ships, general machinery, bio, health, secondary batteries, defense, K-content, and K-food are also performing well.
He emphasized, "I have the mindset of creating a second or third 'semiconductor' industry that rivals memory chips," adding, "Moving beyond semiconductors is the direction of the Ministry of Finance and Economy's economic policy."
The video released today was recorded on June 8.
(Photo: Yonhap News)
※ Please note: This article was translated by AI and may contain errors.