Improving semiconductor earnings at Samsung Electronics and SK hynix are expected to lift tax revenue across Gyeonggi Province municipalities to record levels. Samsung-related corporate local income tax due next year is estimated at 1.8 trillion won ($1.2 billion) for Hwaseong, 1.6 trillion won for Pyeongtaek, 1.3 trillion won for Suwon and 740 billion won for Yongin, compared with 180 billion won, 155 billion won, 127 billion won and 63.5 billion won, respectively, collected this year. Yongin’s projected revenue is about 11.7 times the current level. Icheon expects corporate local income tax from SK hynix to rise from 720 billion won to about 2 trillion won. Higher employee bonuses could also increase individual local income tax, with Hwaseong’s collections projected to reach about 400 billion won from 133 billion won. Local governments plan to invest the additional revenue in infrastructure while reserving part of it for a potential semiconductor-market downturn.