{
  "id": 10812556,
  "title": "Tax revenue estimated to hit record high in 2026 on chip boom",
  "url": "https://urgent.news/2026/09/30/tax-revenue-estimated-to-hit-record-high-in-2026-on-chip-boom",
  "topic": "finance",
  "section": "Finance & Markets",
  "published": "2026-09-30T00:22:02.000Z",
  "source": {
    "name": "The Korea Times",
    "slug": "the-korea-times",
    "url": "https://www.koreatimes.co.kr/economy/20260930/tax-revenue-estimated-to-hit-record-high-in-2026-on-chip-boom"
  },
  "original_language": "en",
  "account": "Korea's tax revenue is projected to soar to a record 478.6 trillion won ($353.7 billion) in 2026, according to government data released on Wednesday. This represents a staggering increase of 104.7 trillion won compared to the previous year's 373.9 trillion won, as reported by the Ministry of Finance and Economy. The previous record was set in 2022, when tax revenue reached 395.9 trillion won.\n\nThe revised estimate is an astonishing 88.4 trillion won higher than the initial projection used to draft the 2026 budget. Finance ministry officials say this significant surge can be attributed to the ongoing semiconductor boom and a robust stock market, both of which were challenging to forecast accurately.\n\nOperating profits in the chip industry are believed to be between 70 and 80 percent higher than what was originally anticipated, according to a finance ministry official. This surge in profits is expected to have a direct impact on corporate tax revenue, which is projected to reach 136.4 trillion won this year, up 51.8 trillion won from the previous year.\n\nSamsung Electronics and SK hynix Inc., two of the world's largest chip manufacturers, are expected to generate a combined operating profit of around 638 trillion won this year. This is a sharp contrast to the 339 trillion won projected for this year.",
  "summary": "Korea's tax revenue is estimated to reach a record 478.6 trillion won ($353.7 billion) this year, driven by the semiconductor supercycle, government data showed Wednesday. The figure marks an increase of 104.7 trillion won from the previous year's 373.9 trillion won, according to the Ministry of Finance and Economy. The previous record was 395.9 trillion won in 2022. The revised estimate is 88.4…",
  "key_points": [
    "Korea's tax revenue projected to reach 478.6 trillion won in 2026, record high",
    "Surge attributed to semiconductor boom and strong stock market",
    "Chip industry profits 70-80% higher than initial estimates"
  ],
  "editors_take": "The surge in tax revenue to a record high in 2026 cements the finance ministry's upgraded outlook on corporate tax income, driven by the semiconductor boom and stock market gains.",
  "illustration": null,
  "coverage": {
    "outlets": 3,
    "also_reported_by": [
      {
        "outlet": "Yonhap News",
        "title": "Tax revenue estimated to hit record high in 2026 on chip boom",
        "url": "https://urgent.news/2026/09/30/tax-revenue-estimated-to-hit-record-high-in-2026-on-chip-boom-10812618",
        "published": "2026-09-30T00:00:33.000Z"
      },
      {
        "outlet": "The Korea Times",
        "title": "Tax revenue estimated to hit record high in 2026 on chip boom",
        "url": "https://urgent.news/2026/09/30/tax-revenue-estimated-to-hit-record-high-in-2026-on-chip-boom-10816036",
        "published": "2026-09-30T00:42:03.000Z"
      }
    ]
  },
  "ai_generated": true,
  "disclaimer": "Summaries, key points and the editor’s take are written by software from other outlets’ reporting and may contain errors — always check the linked original."
}