South Korea collected ₩274 trillion in national taxes from January through July 2026, up ₩41.4 trillion, or 17.8%, from a year earlier, the Ministry of Economy and Finance said in its July 2026 National Tax Revenue Report released on the 31st. July revenue alone rose 19.7% to ₩51 trillion. The cumulative collection rate reached 66.0% of the revised annual projection of ₩415.4 trillion, exceeding last year’s 62.2% and the five-year average of 63.5%. Stock-market activity was the largest contributor: securities transaction tax rose 348.5% to ₩8.2 trillion, while the Special Tax for Rural Development increased 182.5% to ₩13.1 trillion. Income tax climbed 15.8% to ₩89.3 trillion, VAT rose 13.1% to ₩69.4 trillion and corporate tax increased 9.3% to ₩51.8 trillion. First-half earnings at Samsung Electronics and SK Hynix have not yet been fully reflected in corporate tax, with related interim prepayments due from August. The government will issue revised revenue estimates each September after repeated forecast errors in recent years.