Digitimes September 16, 2026 By DIGITIMES neutral

South Korea's chip boom lifts 2027 corporate tax above KRW200 trillion

Semiconductors

<p class="P1" data-start="3168" data-end="3540">South Korea's semiconductor boom is spilling over from corporate profits into government tax revenue. Corporate tax revenue for fiscal 2027 is projected to reach KRW216.7 trillion (about US$160 billion), up 113.9% from the 2026 supplementary budget, topping KRW200 trillion for the first time and, after 15 years, overtaking income tax as the country's largest tax source.

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South Korea's chip boom lifts 2027 corporate tax above KRW200 trillion

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