Korea's corporate tax revenue to top $149 bil. in 2027 as chip boom lifts profits

Korea's corporate tax revenue is projected to exceed 200 trillion won, approximately $149 billion, in 2027 due to a surge in semiconductor profits. This increase is largely driven by a chip boom, which has significantly boosted company earnings. The rise in corporate tax revenue is also expected to surpass income taxes for the first time since 2012, marking a notable shift in the country's economic dynamics.

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Korea's corporate tax revenue is expected to increase due to a semiconductor supercycle. This could lead to higher profits and investment in the country.

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