presidential office-tax revenue
Cheong Wa Dae denies any ongoing review on 'public dividends' using excess tax revenue from chip boom
SEOUL, May 14 (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.
Presidential chief of staff for policy Kim Yong-beom attends an event presided over by President Lee Jae Myung in the southeastern city of Ulsan on May 13, 2026. (Yonhap)
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