{"id":"south-korea-63trn-additional-tax-revenue","canonicalSlug":"south-korea-63trn-additional-tax-revenue","url":"https://wellficent.com/en/news/south-korea-63trn-additional-tax-revenue","language":"en","title":"South Korea plans to direct windfall tax revenue toward household support","summary":"Finance officials cited an additional KRW63.2 trillion in 2026 tax revenue and discussed using part of it to reduce bond issuance.","body":["South Korea’s finance minister convened an expanded fiscal and financial meeting on 30 September ahead of parliamentary deliberations on the next budget. Officials said the revised 2026 tax forecast was KRW63.2 trillion above the amount included in the previous supplementary budget, citing a faster recovery and strong semiconductor performance.","Participants backed directing the additional revenue toward housing, employment and financial support for low- and middle-income households. They also discussed possible government-bond buybacks or lower issuance to help stabilise rising yields; the statement describes policy intentions, not completed spending."],"keyPoints":[],"sections":[],"text":"South Korea plans to direct windfall tax revenue toward household support\n\nFinance officials cited an additional KRW63.2 trillion in 2026 tax revenue and discussed using part of it to reduce bond issuance.\n\nSouth Korea’s finance minister convened an expanded fiscal and financial meeting on 30 September ahead of parliamentary deliberations on the next budget. Officials said the revised 2026 tax forecast was KRW63.2 trillion above the amount included in the previous supplementary budget, citing a faster recovery and strong semiconductor performance.\n\nParticipants backed directing the additional revenue toward housing, employment and financial support for low- and middle-income households. They also discussed possible government-bond buybacks or lower issuance to help stabilise rising yields; the statement describes policy intentions, not completed spending.","category":"fiscal","region":"world","topics":[],"eventDate":"2026-09-30","eventDateBasis":"source-event-or-period","publishedAt":"2026-10-06T00:01:40Z","modifiedAt":"2026-10-06T00:01:40Z","publicationBasis":"first-publication","preparedAt":null,"sourcePublishedAt":"2026-09-30","translatedAt":"2026-10-05T23:43:24Z","sources":[{"name":"Republic of Korea Ministry of Finance and Economy","url":"https://english.mofe.go.kr/pc/selectTbPressCenterDtl.do?boardCd=N0001&seq=6491","checkedAt":"2026-10-05","publishedAt":"2026-09-30"}],"translations":{"en":"https://wellficent.com/en/news/south-korea-63trn-additional-tax-revenue","tr":"https://wellficent.com/tr/news/south-korea-63trn-additional-tax-revenue","ar":"https://wellficent.com/ar/news/south-korea-63trn-additional-tax-revenue","fr":"https://wellficent.com/fr/news/south-korea-63trn-additional-tax-revenue","es":"https://wellficent.com/es/news/south-korea-63trn-additional-tax-revenue","ru":"https://wellficent.com/ru/news/south-korea-63trn-additional-tax-revenue","pt":"https://wellficent.com/pt/news/south-korea-63trn-additional-tax-revenue"},"corrections":[],"locations":[]}