KOSPI falls 2.3% as fears of AI taxes weigh on South Korean stocks
Crypto Briefing
South Korea's KOSPI index dropped 2.3% following rumors of a potential tax on AI-sector profits to fund citizen dividends.Summary
The KOSPI index experienced a significant 2.3% decline after policy suggestions surfaced regarding the taxation of AI-sector profits to fund a "citizen dividend." Major semiconductor firms Samsung Electronics and SK Hynix, which drive a large portion of the index's market capitalization, saw heavy selling as investors feared punitive "excess profit" taxes. Although government officials later clarified that such dividends would be funded by broader economic growth rather than direct corporate levies, the market remained rattled. The event serves as a stark reminder of how policy uncertainty can rapidly destabilize investor confidence in critical global supply chain companies.
(Source：Crypto Briefing)