President Lee Jae Myung said Monday that the government will use additional tax revenue expected from the ongoing semiconductor boom to create a "future response fund" aimed at investing in future industries and policies for younger generations. The president made the remarks during a meeting on state financial strategies, as the country is expected to collect higher tax revenue thanks to chipmakers' record high earnings driven by the artificial intelligence (AI) semiconductor boom. "Large-scale extra tax revenues will be used as strategic financial resources to prepare for the future," Lee said.