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YONHAP — South Korea's Budget Office said on Friday it will use windfall tax revenue from an AI-driven chip boom to establish a Future Fund to support long-term growth. The office said AI-driven change is reshaping economic and social systems and, propelled by a global chip upswing and higher corporate tax receipts, domestic tax revenue is expected to rise sharply. The fund will operate as a strategic investment platform to raise Korea's potential growth rate and help secure a leading position in global technology competition.

The Baltic Dry Index (BDI) rose 0.54% to 2,791.