Cheong Wa Dae can be seen in this undated file photo / Yonhap
The government is not conducting any review on handing out "public dividends," the presidential office said Thursday, strongly dismissing a news report that such a review is currently under way.
The report came two days after Kim Yong-beom, presidential chief of staff for policy, suggested using anticipated excess tax revenues from the semiconductor boom driven by artificial intelligence (AI) to hand out such benefits to the public as a way of sharing the "fruits" of business success that he claimed was made possible, at least in part, by the social and public infrastructure.
"It is not true that a review (is under way) on how to utilize surplus tax revenue from the semiconductor (industry)," a Cheong Wa Dae official said.
The presidential office earlier said Kim's proposal was strictly based on a "personal opinion" and that no internal discussions or review on the issue had taken place.
Source: Korea Times News
