S Korea govt official proposes 'national dividend' to distribute excess AI profits

Kim Yong-beom, presidential chief of staff for policy, proposed the concept of a "national dividend" that returns the excessive tax revenue generated by the nation's booming AI-related industries to the public. "The model…could eventually become a standard for nations in the AI age," he said. Kim's comments led to sharp swings in Korean stocks, with Kospi index dipping over 5%.