Seoul ¨C South Korea¡¯s labor minister called on the country¡¯s major tech firms to share the spoils of their massive windfall profits, warning that unprecedented chip-sector gains stemming ?from the AI boom risked widening a gap in inequality.
In an interview, Kim Young-hoon said?that companies like Samsung Electronics that outperform profit targets should consider sharing excess gains with suppliers, subcontractors and their workers, after deducting taxes, given their contributions to corporate growth.
The South Korean government, businesses, unions and suppliers should engage in a public dialogue on how to share such ¡°excess profits¡± and narrow the gap between large conglomerates and smaller suppliers, he said.
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