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'Could Resonate Globally': Korea Sparks Market Chaos With 'AI Tax' Threat

'Could Resonate Globally': Korea Sparks Market Chaos With 'AI Tax' Threat Korean markets were under pressure overnight after politicians floated the idea of tapping AI profits.  Bloomberg reports that a top South Korean policymaker said the nation should pay citizens a 'dividend' using taxes on AI profits, with the obvious read through to Samsung and SK Hynix.  The comments in a Facebook post by presidential policy chief Kim Yong-beom fueled sharp swings in Korean stocks on Tuesday as investors struggled to parse the scope of the proposals. “Excess profits in the AI era...
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Aug 1, 2026 / Tyler Durden
Crazy Footage Shows Migrants Rampaging, Breaking Into Homes After Invading Spain
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May 13, 2026 / Tyler Durden
Palmer Luckey's Anduril Secures $5B At $61B Valuation To Supercharge Killer Drone Production
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Apple Sues OpenAI Alleging Trade Secret Theft In Blockbuster AI Hardware Case
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