KOSPI’s 5% Intraday Drop Tied to AI Dividend Debate, Bloomberg Says

On May 12, after the KOSPI climbed as high as 7,999.67 during the session, it fell more than 5% intraday. Bloomberg pointed to policy confusion surrounding Presidential Office policy chief Kim Yong-beom’s proposal for an “AI national dividend” as a factor behind the decline. Kim had referred to recovering excess profits generated by the AI industry and distributing them to citizens, and foreign media analyzed that the remarks hurt investor sentiment. As controversy grew, Kim moved to clarify that he did not intend a windfall tax. Investors are watching the policy direction and possible corporate burden. Source: mk.co.kr