South Korean President: Business Success Must Be Shared; Surplus Tax Revenue to Be Used

South Korean President Lee Jae Myung declared on Monday that the prosperity generated by business success must be distributed throughout society. He announced that the government is developing strategies to effectively channel surplus tax revenues, especially those derived from the nation's robust semiconductor industry, towards broader societal benefit.

Speaking at a press conference commemorating his first year in office, President Lee reflected on his administration's journey. He noted that he assumed the presidency following a period of significant political upheaval, emphasizing his commitment to guiding the country beyond overcoming its democratic challenges.

President Lee also outlined ambitious goals for South Korea's future. He pledged to position the nation as the first country to achieve full integration of artificial intelligence across all its industries. Furthermore, he aims to establish South Korea as a preferred international partner for nations seeking to enhance their self-reliance in defense capabilities.

The president's remarks underscore a vision for inclusive growth and technological leadership, aiming to leverage economic gains for social equity and strengthen the country's strategic position on the global stage.