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3,000% bonuses but a growing wealth divide: South Korea grapples with its AI chip boom

By

Raphael Rashid in Seoul

2d ago

Source

The Guardian3,000% bonuses but a growing wealth divide: South Korea grapples with its AI chip boomtheguardian.com
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Powered by chipmakers Samsung Electronics and SK Hynix, South Korea is seeing a surge in wealth, but there are questions over who gets to share in the profits When South Korea’s most high-profile divorce case returned to court last month, the lawyers were arguing not just about the breakdown of a relationship, but also the exact date at which to value shares in one specific company. The judges’ decision in Seoul could change the value of business tycoon Chey Tae-won’s assets by billions of dollars. The shares were in the holding company behind SK Hynix, the manufacturer of chips powering AI systems around the world. Continue reading...

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