South Korean official proposes using artificial intelligence tax revenue for citizen dividends, triggering an intraday stock market shock
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Director of Policy at the South Korean Presidential Office, Kim Yong-beom’s post on Facebook triggered sharp fluctuations in the South Korean stock market on Tuesday, as investors initially struggled to interpret the specific implications of his suggestions. Later, Kim Yong-beom clarified that his intention was to utilize “surplus tax revenue” generated by the AI boom, rather than to impose a windfall tax on corporate profits.
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