South Korean Official’s ‘AI Chip Dividend for All’ Proposal Sparks Market Upheaval
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Author:小编   

Kim Yong-beom, the Chief Secretary for Presidential Policy in South Korea, recently proposed the idea of distributing tax revenue generated from the AI semiconductor industry boom as a universal dividend to all citizens. This statement immediately sent shockwaves through the stock market, with the Kospi index plummeting by as much as 5.1% during intraday trading, before finally settling at a 2.3% decline by the close. Later, Kim clarified that his proposal was limited to any surplus tax revenue and represented his personal viewpoint, emphasizing that the government was not actively considering such a measure. In a separate development, bonus negotiations between Samsung Electronics and its largest labor union have reached a critical juncture, with both sides unable to find common ground. The union has laid out three key demands, rejected Samsung management's bonus distribution plan, and warned that if negotiations continue to stall, it will initiate an 18-day general strike starting May 21. Analysts predict that such a strike could inflict substantial financial losses on Samsung. At present, the South Korean government has yet to launch an assessment or review of the emergency arbitration order, a measure that is seldom employed.