South Korea is preparing two related fiscal measures: a Future Response Fund intended to capture tax revenue above long-term trends, and a strategic sovereign wealth fund that the government plans to establish through a Korea Investment Corporation Act amendment late this month. The sovereign fund would operate through a separate "strategic investment account" at Korea Investment Corporation with roughly 20 trillion won in initial resources, mainly government-held stakes in public institutions and shares received in lieu of inheritance and gift taxes, with possible additional cash from the Future Response Fund or next year's general account budget. Officials say the fund is intended to pass the National Assembly within the year and begin investing at least 600 billion won, and potentially more than 1 trillion won, next year in sectors including semiconductors, artificial intelligence, materials, parts and equipment, nuclear power, aerospace, quantum technology, core infrastructure, finance and overseas supply-chain companies tied to economic security. The government envisions ultra-long-term direct equity investments, co-investment with domestic and overseas partners and active use of voting rights as a strategic investor, while economists say the broader framework still needs strict governance, debt-repayment priorities, withdrawal rules and disclosure standards so windfall tax revenue is not treated as recurring fiscal capacity.