South Korea's tax revenue is projected to reach a record high of 478.6 trillion won in 2026, with AI and semiconductor earnings supporting Lee Jae-myung's investment plans.
智通财经2026/09/30 00:36Show original
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- South Korea is expected to see annual national tax revenue surge to a record high this year, highlighting massive profits brought by the semiconductor industry and providing support for President Lee Jae-myung’s ambitious investment plans.
- Data from South Korea’s Ministry of Economy and Finance shows that in 2026, tax revenue is projected to reach 478.6 trillion won (approximately $353 billion), representing a 28% year-on-year increase.
- This figure is 63.2 trillion won higher than the estimate in this year’s supplementary budget, an increase of 15.2%, due to chip profits, special dividends, and stock trading income exceeding expectations.
- This forecast means South Korea’s annual tax revenue will surpass the 400 trillion won threshold for the first time, about 21% higher than the previous record set in 2022.
- Compared to last year, tax revenue will increase by 104.7 trillion won, indicating that the artificial intelligence boom is reshaping South Korea’s national finances and its export-oriented economy.
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