✉news BusinessFinance first seen 8 h ago, last 2 h ago, peak #19
South Korea tax windfall may top 50 trillion won on chip boom
Original: South Korea tax windfall could top 50 trillion won on chip boom - Yonhap
South Korea could collect more than 50 trillion won in extra tax revenue thanks to a surge in semiconductor exports, according to a Yonhap report carried by Yahoo Finance UK. The chip boom is lifting corporate profits and, with them, government receipts. The figure would give Seoul additional fiscal room at a time of budget pressure.
Why now: The semiconductor upswing is delivering unexpectedly large tax revenue to South Korea, a significant fiscal and economic story.
South KoreaYonhapsemiconductor industry
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- South Korea tax windfall could top 50 trillion won on chip boom - Yonhap · Yahoo Finance UK
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