Im Gwanghyeon, Commissioner of the National Tax Service, stresses the need for a Future Response Fund while pointing out the concentration of tax revenue.
Commissioner Im Gwanghyeon said on 2026 the 7 the 12 that tax revenue is concentrated in specific sectors such as the semiconductor boom, and that a "Future Response Fund" is needed. The idea is to convert part of the increased excess tax revenue into a fund in order to secure the sustainability of public finances.
Commissioner Im Gwanghyeon said on 2026 the 7 the 12 that tax revenue is concentrated in specific industries, and that a "Future Response Fund" is absolutely necessary. The remarks show that the way public finances are managed and the priorities for using tax revenue could change.
Commissioner Im described tax revenue as a "concentration-type portfolio." He added that if tax revenue is concentrated on one side, it could become vulnerable to future volatility.
He cited the increased tax revenue from the semiconductor boom as a source for creating the fund. He explained that the background to the proposal is a method of leaving the increased excess tax revenue in the fund instead of consuming it temporarily.
Commissioner Im emphasized that the Future Response Fund is necessary for sustainable public finances. He said the fund is intended to prepare for economic fluctuations and structural challenges.
The remarks suggest that related discussions may continue during 2026the process of drafting the budget and reviewing tax laws in the second half of the year. He said the specific size of the fund and how it will be operated require further discussion.
The remarks made that day were an official expression of opinion in the capacity of Commissioner of the National Tax Service. Whether the government will introduce the fund and when it will do so are matters to be decided later.