South Korea's Labor Minister: Tech Companies Should Share AI Profits with Suppliers and Employees

South Korea's Labor Minister has called on technology companies to share the excessive profits they have earned from artificial intelligence (AI) with their suppliers and employees. The Minister emphasized that the productivity gains brought by AI technology must be distributed fairly. The Minister stated that the high returns large tech firms have obtained from AI investments should be passed on to the small suppliers and workers who are part of this ecosystem, warning that otherwise income inequality could increase. This statement comes at a time when South Korea is experiencing rapid growth in the AI sector. The Minister expressed that establishing profit-sharing mechanisms would not only strengthen social cohesion but also contribute to the sustainability of the industry. Hinting that the government could take regulatory steps on this matter, the Minister said they expect technology companies to act voluntarily. No concrete plan has yet been presented on how the sharing model would work. This is not investment advice.