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S Korea govt official proposes 'national dividend' to distribute excess AI profits
short by Vaishnavi Mishra / on Tuesday, 12 May, 2026
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%.
read more at CNBC-TV18