South Korea should share the profits generated by the artificial intelligence boom with all its citizens, its presidential policy chief said, sending shares in the country’s memory chipmakers lower.
In a Facebook post on Monday, Kim Yong-beom floated the idea of redistributing some of the soaring profits of Korea’s chipmakers after the market value of Samsung Electronics topped $1tn last week and shares in SK Hynix nearly tripled this year.
Kim said the latest semiconductor boom pointed to a prolonged supercycle that could generate huge tax windfalls for the government.
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