Kang Hoon-sik: Invest Surplus Tax Revenue from Semiconductor Boom in Future Generations

by Kim Bongcheol Posted : June 22, 2026, 16:56Updated : June 22, 2026, 16:56
Kang Hoon-sik, Chief of Staff, delivers a welcoming speech at the opening ceremony of the exhibition 'Trajectory of Light' at the Cheong Wa Dae on June 9.
Kang Hoon-sik, Chief of Staff, delivers a welcoming speech at the opening ceremony of the exhibition 'Trajectory of Light' at the Cheong Wa Dae on June 9. [Photo=Yonhap News]
Kang Hoon-sik, Chief of Staff to the President, stated on June 22 that the surplus tax revenue expected from the semiconductor boom should be heavily invested in projects for future generations, while also urging significant investment in discovering new growth drivers to expand quality job opportunities.

During a senior secretary meeting at the Cheong Wa Dae, Kang emphasized the importance of ensuring that future generations have ample opportunities to participate directly in the policy-making process, as conveyed by Deputy Spokesperson Ahn Gwi-ryeong in a written briefing.

Kang urged discussions on fiscal reform tasks for future generations, warning that if pressing issues are not addressed due to social controversies, the burden on future generations will become unmanageable. He stressed the need for a fair distribution of responsibilities between current and future generations in national governance and called for finding rational alternatives from the perspectives of national interest and future generations to secure investment resources.

He also referenced a recent incident where a 20-year-old reservist lost their life during training in Pocheon, as well as a situation in Seocho District where 89 reservists experienced vomiting and other symptoms after eating lunch at a training facility. Kang questioned how young people might perceive the government and military in light of these events, holding relevant departments accountable.

Kang stated, "The places where young people go to dedicate their time and efforts for the nation and community should not be filled with distrust," and directed the Defense Secretary's Office and related departments to reassess the entire reserve training system, including food service and hygiene.

Additionally, he expressed deep concern over the recent arrest of three individuals involved in the abuse and confinement of workers at a salt farm in Jeollanam-do on June 15, noting that labor exploitation and human rights violations, similar to those that occurred in Sinan County in 2014 and 2021, have reoccurred in 2026, calling it "devastating and shameful."




* This article has been translated by AI.