“Kim Yong-beom, presidential chief of staff for policy, proposed the country should come up with a “national dividends” policy that returns the excessive tax revenue generated by Korea's booming artificial intelligence (AI)-related industries to the public. “The fruits of the AI infrastructure era are not the outcome of individual companies alone, but are built on the industrial foundation that the entire nation has accumulated over the past half-century,” Kim wrote on Facebook, Monday. Invoking Norway's sovereign wealth fund — created in the 1990s to channel oil revenues back into society — he argued that the principle of broad social return should apply equally to Korea's AI windfall. "Part of those fruits should be structurally returned to all citizens. That is the legitimacy and principle of the new policy design," Kim wrote. Kim suggested several possible uses for the funds, writing, “Should they go toward youth startup assets, rural basic income, support for artists, strengthening pensions for the elderly or AI-era transition education?” His remarks come as public deb
Original story
Continue reading at Korea Times Southkorea
www.koreatimes.co.kr
Summary generated from the RSS feed of Korea Times Southkorea. All article rights belong to the original publisher. Click through to read the full piece on www.koreatimes.co.kr.
