✉news BusinessFinance first seen 3 h ago, last 51 min ago, peak #19
South Korea set for 50 trillion won chip tax windfall
Original: South Korea tax windfall could top 50 trillion won on chip boom - Yonhap
South Korea's tax revenue could exceed 50 trillion won thanks to a boom in the semiconductor industry, according to a Yonhap report. Strong chip demand and exports are lifting corporate profits, boosting state coffers well beyond earlier forecasts and giving Seoul room for additional fiscal spending.
Why now: The chip industry's rebound is delivering unexpectedly large tax revenues to South Korea's government.
South KoreaYonhapsemiconductor industry
Evidence
- South Korea tax windfall could top 50 trillion won on chip boom - Yonhap · Yahoo Finance UK
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