South Korea’s tax revenue increases in September, rising about 26.4 trillion won year-on-year (around $19.6 billion), according to data cited by both outlets. The Ministry of Finance and Economy reports total tax receipts of 55.2 trillion won for the month.
The increase is attributed largely to higher corporate tax collections linked to improved earnings at chipmakers, reflecting what coverage describes as a chip “supercycle.” Yonhap and The Korea Times also report gains across other categories, including higher income tax revenue tied to more regular workers, and capital gains tax collections supported by more housing transactions. Both sources note that January–September collections reach roughly 385 trillion won, up strongly from the previous year, and that inheritance and gift tax receipts rise.
While The Korea Times foregrounds the overall figure and breaks down the main tax components, Yonhap’s framing is the same core story—tax revenue up in September—without adding substantively different emphasis in the provided summary.
