Korea should save chip boom windfall for downturns: IDB economist

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South Korea should set aside part of the revenue generated during the chip boom to cushion against future downturns, Laura Alfaro, chief economist and economic counselor of the Inter-American Development Bank, said Tuesday. Her remarks come as Korea moves to establish a 162 trillion won ($122 billion) Future Response Fund, which will channel additional tax revenue generated by the semiconductor boom into long-term investments while building reserves to offset future revenue shortfalls. While Alf

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