Proposal: South Koreans should get a share of AI profits

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Proposal: South Koreans should get a share of AI profits
Photo: Ahn Young-joon/AP/TT

Let South Korean residents share in the profits that tech companies make from the AI boom. The proposal comes from Yong-Beom Kim, an advisor to the country's president, the Financial Times reports.

After his speech, Kim clarified that it should not be a general corporate tax but "based on excess revenue" that companies make from AI production.

The two tech giants, Samsung and SK Hynix, accounted for a total of 3 percent of the country's GDP growth last year, based on the two companies' operating profit.

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By TT News AgencyEnglish edition by Sweden Herald, adapted for our readers

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