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Presidential Policy Chief Proposes Public Dividends From AI Economic Gains
The presidential chief of staff for policy suggested introducing public dividends to share gains from an artificial intelligence-driven economic expansion. The proposal was made as the main stock index approached record levels amid strong profits at major chipmakers. The presidential office later described the idea as a personal opinion not tied to any official review.
May 12, 4:44 AM·1m read1 source
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The presidential chief of staff for policy on Tuesday proposed introducing public dividends to distribute gains from an artificial intelligence-driven economic expansion. The suggestion came in a social media post as the benchmark Korea Composite Stock Price Index was heading toward the record-high 8,000-point mark.
Gains were driven by chipmakers that posted record-high profits in the first quarter, reflecting their position in the global chip market amid rising demand linked to AI. "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 in the post. The official argued that considering how to use the resulting proceeds would be necessary if the companies' strategic advantage leads to a structural upcycle and record-breaking tax revenues.
"Part of these fruits should be structurally returned to the people," the post stated.
The policy chief referred to cases of foreign countries that have socially institutionalized sharing of structural excess profits, citing Norway's handling of oil-generated profits in the 1990s. The post suggested "public dividends" as the name for such a program if introduced.
Possible uses for the funds listed in the post included a fund for young entrepreneurs launching startups, a pension program for the elderly and a fund for retraining in the AI era. The official stressed the need for social consensus before any decision.
