AI wealth must benefit the public, South Korea's deputy PM says amid Samsung labor tensions
More Technology news · Trending news
Published 5/23/2026, 10:07:38 AM · Updated 5/23/2026, 2:34:22 PMBy TheBriefWire Editorial Team
Key points
- Bae Kyung-Hoon, South Korea's science and ICT minister, speaks during a memorandum of understanding signing ceremony in Seoul, South Korea, on Monday, April 27, 2026. Google DeepMind is teaming up with South Korea on the country's K-Moonshot project, which uses AI to solve complex scientific problems.
- Photographer: SeongJoon Cho/Bloomberg via Getty Images South Korea must ensure that wealth created by artificial intelligence benefits the wider public, Deputy Prime Minister Bae Kyung-hoon said, even as the country grapples with labor tensions at Samsung Electronics and a stock-market rally increasingly powered by its biggest chipmakers.
- Speaking to CNBC's Lisa Kim on Friday, Bae said the AI era has raised broader questions over how wealth generated by the technology should be distributed, whether AI could worsen inequality and whether it could lead to job losses.
- "Recent labor-management conflicts can also be seen as part of this broader trend," he added, referring to Samsung...
Published May 23, 2026.
Quick Summary
Bae Kyung-Hoon, South Korea's science and ICT minister, speaks during a memorandum of understanding signing ceremony in Seoul, South Korea, on Monday, April 27, 2026
Why It Matters
This development is important because it may impact public opinion, policy decisions, and future developments related to AI wealth must benefit the public, South Korea's deputy PM s.
Key Takeaways
- Bae Kyung-Hoon, South Korea's science and ICT minister, speaks during a memorandum of understanding signing ceremony in Seoul, South Korea, on Monday, April 27, 2026.
- Google DeepMind is teaming up with South Korea on the country's K-Moonshot project, which uses AI to solve complex scientific problems.
- Photographer: SeongJoon Cho/Bloomberg via Getty Images South Korea must ensure that wealth created by artificial intelligence benefits the wider public, Deputy Prime Minister Bae Kyung-hoon said, even as the country grapples with labor tensions at Samsung Electronics and a stock-market rally increasingly powered by its biggest chipmakers.
- Speaking to CNBC's Lisa Kim on Friday, Bae said the AI era has raised broader questions over how wealth generated by the technology should be distributed, whether AI could worsen inequality and whether it could lead to job losses.
- "Recent labor-management conflicts can also be seen as part of this broader trend," he added, referring to Samsung Electronics, where a planned 18-day strike by unionized workers was suspended Wednesday after government officials stepped in at the last minute to head off a walkout.
📌 Source: CNBC
The BriefWire