In brief
In September, South Korea’s tax revenue jumped 91.6% to 55.2 trillion won, largely driven by corporate tax surges from Samsung Electronics and SK Hynix. Corporate tax collections rose 187.6% to 36.2 trillion won, boosting the country’s national budget and underscoring the strength of its chip industry.
South Korea’s national tax revenue jumped 91.6 percent to 55.2 trillion won in September, according to the Ministry of Finance and Economy.
The figure, about $41.4 billion, shows a sharp increase from the same month last year.
Corporate tax collections were the main driver, climbing 187.6 percent year‑on‑year to 36.2 trillion won.
Chief contributors were the country’s semiconductor giants: Samsung Electronics and SK Hynix reported record profits and sales, pushing up their tax payments.
These earnings help fill the national budget, providing funds for public services and infrastructure projects. The surge also highlights how central the chip industry is to South Korea’s economy.
