Business · Economy · 1 hr ago
South Korea’s September tax revenue rises 91.6% from a year earlier
South Korea collected 55.2 trillion won in taxes in September, 91.6% more than in the same month last year.
Corporate tax receipts rose by 23.6 trillion won to 36.2 trillion won, the biggest increase.
Improved business results, especially among semiconductor companies, helped drive the rise, along with scheduled payments of corporate tax instalments.
Higher share trading and more home sales also boosted some taxes, while value-added tax was almost unchanged.
Tax receipts for January through September reached 385 trillion won, up 33% from a year earlier.
That was 80.5% of the government’s revised full-year forecast of 478.6 trillion won, above the pace at the same point last year and the recent five-year average.
The government raised its full-year tax forecast by 63.2 trillion won compared with its estimate when it prepared a supplementary budget in March.
South Korea collected 55.2 trillion won in national taxes in September, up 91.6% from a year earlier.
Corporate tax revenue rose by 23.6 trillion won, with improved business results at semiconductor companies helping drive the increase.
Higher securities transaction taxes and income taxes also contributed to the rise.
From January through September, tax revenue reached 385 trillion won, up 33.0% from the same period last year.
The government’s revised full-year tax revenue forecast is 478.6 trillion won, with 80.5% collected by the end of September.
- Who
- South Korea’s Ministry of Economy and Finance reported the figures.
- What
- September national tax revenue reached 55.2 trillion won, up 91.6% from a year earlier.
- When
- September 2026; the figures were announced on October 30, 2026.
- Where
- South Korea.
- Why
- Improved business results, particularly at semiconductor companies, helped raise corporate tax revenue. Higher housing transactions and securities trading also contributed.
This story does not have two clearly opposing sides.
Installments of interim corporate tax payments were collected, contributing to higher corporate tax revenue.
South Korea collected 55.2 trillion won in national taxes.
The Ministry of Economy and Finance released the September tax revenue figures.
- September tax revenue
- 55.2 trillion won
- Year-on-year increase
- 91.6%
- September corporate tax revenue
- 36.2 trillion won
- January–September tax revenue
- 385 trillion won
- Revised 2026 tax revenue forecast
- 478.6 trillion won