Seoul, May 12, 2026 (AFP) - South Korea official floats AI profit social tax as tech giants boom

NAMPA / AFP

2026-05-12

A top South Korean official has proposed a tax on AI profits to be redistributed among society as a semiconductor boom drives massive earnings for tech giants Samsung Electronics and SK hynix. The two South Korean firms have emerged as key suppliers of high-performance chips powering AI infrastructure globally, posting record first-quarter earnings as global demand surges. South Korea's benchmark Kospi has rallied over the past month, repeatedly......

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