South Korea's labor minister, Kim Young-hoon, called for discussions among the government, businesses, and unions on how to share 'excess profits' from AI with suppliers and staff, aiming to narrow the gap between conglomerates and smaller companies.

Labor Minister Kim Young-hoon’s call for discussions on the potential redistribution of major conglomerates’ "excess" profits has sparked controversy, after he described semiconductors as a “public…

South Korea's Labor Minister Kim Young-hoon is expected to meet with Samsung Electronics executives to prevent the company's largest union from launching an 18-day strike next week.