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Chip Boom Fuels South Korea's Planned 20 Trillion Won Supplementary Budget
2 day ago /
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Author：小编
According to reports, the South Korean government has announced that the substantial excess tax revenue generated by the ongoing chip industry boom is anticipated to fund a supplementary budget of 20 trillion won. This amount significantly surpasses the initial projection of 10 trillion won. Certain government officials have indicated that both Samsung Electronics and SK Hynix are on track to achieve operating profits of around 100 trillion won for the current year. Should these profit targets be realized, South Korea may find itself in a position to implement the 20 trillion won supplementary budget without the need to issue government bonds.
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