South Korea's tax revenue is projected to reach a record high of 478.6 trillion won in 2026, with AI and semiconductor earnings supporting Lee Jae-myung's investment plans.

智通财经2026/09/30 00:36

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South Korea is expected to see annual national tax revenue surge to a record high this year, highlighting massive profits brought by the semiconductor industry and providing support for President Lee Jae-myung’s ambitious investment plans.
Data from South Korea’s Ministry of Economy and Finance shows that in 2026, tax revenue is projected to reach 478.6 trillion won (approximately $353 billion), representing a 28% year-on-year increase.
This figure is 63.2 trillion won higher than the estimate in this year’s supplementary budget, an increase of 15.2%, due to chip profits, special dividends, and stock trading income exceeding expectations.
This forecast means South Korea’s annual tax revenue will surpass the 400 trillion won threshold for the first time, about 21% higher than the previous record set in 2022.
Compared to last year, tax revenue will increase by 104.7 trillion won, indicating that the artificial intelligence boom is reshaping South Korea’s national finances and its export-oriented economy.

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South Korea's tax revenue is projected to reach a record high of 478.6 trillion won in 2026, with AI and semiconductor earnings supporting Lee Jae-myung's investment plans.

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