Lee highlights growth-focused use of chip tax windfall

“President Lee Jae Myung on Monday said excess tax revenue from the semiconductor boom should be used for long-term investments to boost growth, while taking a cautious stance on calls for companies to share excess profits with workers. The remarks came during a press conference marking the first anniversary of his inauguration at Cheong Wa Dae in Seoul. Lee said excess tax revenue could fluctuate depending on economic conditions and should therefore be used for future generations and to strength

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