Tax revenue up $19.6 bil. in Sept. amid chip supercycle

Korea's tax revenue increased by $19.6 billion in September compared to the same month last year, driven by higher corporate tax collections. This surge in corporate tax revenue is largely attributed to improved earnings at chipmakers, which are benefiting from the ongoing chip supercycle. The boost in tax revenue is significant for the Korean economy, as it suggests that the country's businesses are performing well and contributing to the government's coffers.

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Korea's tax revenue increased due to higher corporate tax collections, driven by an improved business environment. This could lead to increased government spending and investment, boosting the economy and stock market.

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