Nobel economist Howitt urges Korea to ‘wait and see’ on AI profit sharing

Peter Howitt, winner of the 2025 Nobel Prize in Economics, urged South Korea to adopt a cautious “wait-and-see” approach toward redistributing AI-driven semiconductor profits. Howitt is a Brown University professor emeritus and a leading scholar of creative destruction, or the connection between innovation and economic displacement. At a press briefing following the “Economic Paradigm Shift for Reversing the Growth Trend” conference held Friday at The Westin Josun Seoul, Howitt emphasized the im