AI Boom in South Korea & Taiwan: Economic Growth Fuels Social Inequality

NY Times Business · 2026-06-24
AI Boom in South Korea & Taiwan: Economic Growth Fuels Social Inequality

The digital revolution, significantly accelerated by artificial intelligence, is actively redrawing the global economic map, fostering new powerhouses and generating unprecedented wealth. At the forefront of this transformation are South Korea and Taiwan, whose advanced semiconductor industries are absolutely indispensable to the burgeoning AI sector worldwide. Both nations are currently witnessing an economic boom, characterized by surging stock markets, soaring exports, and impressive national GDP figures, suggesting a golden age propelled by silicon technology. However, beneath this glittering façade of technological prowess and economic prosperity, a starker and more concerning reality is taking shape: a profound and widening chasm between the highly successful, AI-centric tech sector and the vast majority of their traditional economies. As immense "Silicon Riches" accumulate for a select few, the "Social Splits" within these societies are growing, raising critical questions about the long-term sustainability and equitable distribution of this AI-driven prosperity.