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AI-Era Windfalls in Focus as Kim Yong-beom Calls for Public Return

Published: · Source: mk.co.kr

AI-Era Windfalls in Focus as Kim Yong-beom Calls for Public Return
TL;DR: Kim Yong-beom, presidential policy chief, said South Korea’s industries are entering an unprecedented boom in the AI era and called for social debate on using excess profits and tax revenue.
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Kim Yong-beom, presidential policy chief, said South Korea’s industries are entering an unprecedented boom as the artificial intelligence era accelerates, and that society should discuss how to return the benefits to the public. He noted that the spread of AI could raise growth potential across industries while also creating excess profits and additional tax revenue. His remarks point to the need for broad public and policy debate over how such resources should be used. The comments are expected to feed into discussions on how AI may affect industrial competitiveness and fiscal conditions. Source: mk.co.kr

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