On Friday, October 30, 2026, South Korea announced that its national tax revenue for September rose 91.6 percent from the same month a year earlier, reaching 55.2 trillion won (about 41.4 billion U.S. dollars), according to the Ministry of Finance and Economy.
The jump was led by a dramatic increase in corporate tax collections, which rose 187.6 percent year‑on‑year to 36.2 trillion won. The surge was largely attributed to the explosive earnings of the country’s semiconductor giants, with Samsung Electronics and SK hynix cited as the main beneficiaries.
The Ministry of Finance and Economy emphasized that the strong performance of the chip sector has bolstered the national budget, reflecting the importance of Korea’s high‑technology industry in a post‑pandemic economy.
Samsung Electronics has recently reported record third‑quarter profits, while SK hynix has seen its revenue grow significantly amid global demand for memory chips.
