South Korea confronts ‘growth without jobs’ as chip profits surge

Lee Jae Myung's administration planning permanent fund to share gains from AI boom South Korean President Lee Jae Myung is going with the chairmen of Samsung Electronics and SK Hynix to San Francisco on July 24 for meetings with global tech leaders. (Nikkei montage/Source photos by Reuters) SEOUL — South Korean President Lee Jae Myung will head to San Francisco on Friday in a bid to turn the global AI investment boom into broader economic gains at home, as surging chip profits produce few new jobs.

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