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South Korea's Market Reacts to Proposed AI Tax and Citizen Dividend
South Korea's benchmark Kospi index experienced a significant drop after an influential policy adviser floated the idea of a 'citizen dividend' from AI gains, later clarifying that the proposal involved tapping into 'excess tax revenue' generated by the AI boom. The market reaction was also sparked by threats of an 'AI tax' on profits.
12 May, 12:14 — 12 May, 12:14
