Redistribution is a red flag any mention of a peoples dividend risks scaring off stock market investors

Image for article Redistribution is a red flag any mention of a peoples dividend risks scaring off stock market investors
News Source : Livemint

News Summary

  • South Korea has the world’s best-performing stock market this year.
  • It has now been thrust to the forefront of a global discussion over whether artificial intelligence (AI) widens wealth inequality.
  • In the eye of the storm are the two semiconductor giants, Samsung and Hynix, which sell memory chips to AI data centres.
  • The benchmark Kospi index tumbled as much as 5.1% on Tuesday after Kim Yong-beom's post, before paring losses.
In a Facebook post on Monday, Kim Yongbeom, a veteran economist and chief of policy for President Lee Jae Myung, floated the idea of a peoples dividend.

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