Korea weighs 'robot tax' as AI-driven job losses loom
South Korea is considering introducing a 'robot tax' to mitigate job losses caused by AI and automation, with the National Assembly Futures Institute urging swift legislation for an 'AI social security tax'. The country has the world's highest robot density, with 1,012 industrial robots per 10,000 employees in 2023.
South Korea is weighing the introduction of a 'robot tax' amid growing concerns over AI-driven job losses. The National Assembly Futures Institute has urged swift legislation for an 'AI social security tax' to channel profits generated by AI back into society. President Lee Jae Myung has also suggested considering a robot tax. The country has the world's highest robot density, with 1,012 industrial robots per 10,000 employees in 2023. Proponents argue that companies deploying robots should pay into the public purse to finance retraining and support for displaced workers. Critics warn that a premature robot tax could stifle technological progress and push companies to offshore operations.
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