tech
AI wealth must benefit the public, South Korea's deputy PM says amid Samsung labor tensions
South Korea's deputy PM tells CNBC there are concerns as to whether AI could worsen wealth gaps or lead to job losses.
TL;DR
- South Korea's Deputy Prime Minister Bae Kyung-hoon believes AI-generated wealth should benefit the public.
- Concerns exist about AI worsening inequality and causing job losses.
- Labor tensions at Samsung Electronics are seen as part of a broader AI-driven trend.
- A tentative deal was reached to avert a strike at Samsung Electronics.
- Bae expects more labor-management conflicts with the rise of large AI companies.
- South Korea aims to build an "AI-inclusive society" where no one is left behind.
- The country is focused on establishing a competitive advantage in physical AI.
- Semiconductors and AI infrastructure are fundamental, with plans to build out a full spectrum of AI capabilities.
- South Korean markets, particularly Samsung and SK Hynix, have seen significant gains due to the AI boom.