Chip Boom Set to Push Korea's Excess Tax Revenue Above $37 Billion
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7 Articles
Due to the semiconductor supercycle, the scale of tax surplus this year is expected to exceed 50 trillion won. According to a summary of government explanations on the 27th, the Ministry of Finance and Economy estimated that tax surplus will surpass 50 trillion won in the re-estimation of national tax revenue for 2026, which is scheduled to be announced at the end of this month. When the government compiled the supplementary budget last April, i…
Chip boom set to push Korea's excess tax revenue above $37 billion
Korea is on track to collect more than 50 trillion won ($37 billion) more in tax revenue than projected earlier this year, as robust earnings in the semiconductor sector are set to bolster coffers, according to government insiders Sunday. The excess tax revenue could also substantially increase the resources available for the Future Fund, a new fiscal vehicle included in the government’s 2027 budget proposal, potentially exceeding 200 trillion w…
It has been reported that the scale of tax surplus this year is expected to exceed 50 trillion won. The future response fund available for the government to operate next year is projected to surpass 200 trillion won. According to government ministries and other sources on the 27th, the Ministry of Finance and Economy is expected to announce a surplus of 50 trillion won in its re-estimation of national tax revenue for 2026 at the end of this mont…
(Sejong=Yonhap News) Reporters Lee Se-won, Lee Dae-hee, and Ahn Chae-won = The government expects this year's excess tax revenue, recalculated to reflect the booming semiconductor market, to exceed 50 trillion won...
It has been reported that the government’s recalculated excess tax revenue for this year, reflecting the strong semiconductor market, is expected to exceed 50 trillion won.
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