S.Korea Corporate Tax Revenue Up 8.9% YoY to 39t Won Jan-April

South Korea’s corporate tax revenue totaled 39 trillion won in the January-April period, up 8.9% from a year ago, according to a Finance Ministry statement.

• Corporate tax revenue reached 38.5% of the government’s full-year forecast of 101.3 trillion won, as reflected in the extra budget
  • The progression rate is below of 5-year average of 43%
• Total tax revenue was at 164.1 trillion won until April; an increase of 21.9 trillion won YoY
  • Progression rate at 39.5%; above 5-year average of 38.6%

© 2026 Bloomberg L.P. All rights reserved. Used with permission.