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Just one Facebook post. $300 billion washout in 90 minutes from Korea's Stock market. Every AI investor on earth needs to read this.
South Korea's Kospi touched 7,999. Just one point away from 8,000 for the first time ever.
Then Kim Yong-beom posted on Facebook. He is the presidential chief of staff for policy. The most powerful economic voice in South Korea after the president himself.
His message was simple. AI profits belong to all citizens. Samsung and SK Hynix built their chip empires on infrastructure the entire nation created over 50 years. A portion of those gains should be returned to every Korean as a citizen dividend.
The market did not wait for details. Kospi crashed 7.1% in minutes. From 7,999 to 7,421. Samsung and SK Hynix led the fall. Foreign investors dumped $3.8 billion worth of shares in a single session.
Kim then clarified he meant excess tax revenue from AI profits. Not direct extraction from companies. The market recovered slightly. Closed down 2.29% at 7,643.
But the damage was done. Not just to prices. To confidence.
Here is the hidden angle nobody is connecting.
South Korea just became the first major economy to openly ask who AI profits actually belong to.
Governments are starting to look at AI the same way they looked at oil in the 1970s. A national resource. Not just a private one.
If South Korea goes first others will follow.
Rest. #DYOR