[South Korea's Excess Tax Revenue This Year Expected to Exceed 50 Trillion Won] On September 27, according to Yonhap News Agency, South Korea's excess tax revenue this year may exceed 50 trillion won (approximately $37 billion), reflecting factors such as a stronger-than-expected semiconductor industry cycle. According to calculations by Yonhap, this could increase the scale of the Future Response Fund (a government tool that uses excess tax revenue for strategic investments and fiscal reserves) to over 200 trillion won. The report states that the Ministry of Economy and Finance is expected to announce this figure in the revised 2026 National Tax Revenue Forecast Report, which will be released later this month. This unexpected windfall will provide the government with more room to increase spending without a corresponding rise in borrowing. According to the 2027 budget proposal, most of the windfall from the semiconductor industry will be used to fund artificial intelligence, chips, and youth development, while also limiting bond issuance and building fiscal buffers.