The presidential chief of staff for policy on Tuesday proposed introducing public dividends to distribute the "fruits" from an artificial intelligence (AI)-driven economic boom.
Kim Yong-beom made the suggestion in a Facebook post, as the benchmark Korea Composite Stock Price Index (KOSPI), the country's main stock index, was heading toward the record-high 8,000-point mark, driven by gains in chipmakers, including Samsung Electronics Co. and SK hynix Inc.
The companies posted record-high profits in the first quarter, highlighting their leadership in the global chip market amid the AI boom.
"The fruits of the AI infrastructure era are not the results generated by certain companies alone ... they were produced on a foundation that all the people have built together over half a century," the presidential policy chief wrote.
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