Recent data shows that Samsung Electronics and Hyundai Motor are the two largest payers of corporate tax, accounting for ten percent of the total.
The National Assembly Budget Office said in a report on Thursday that the nation’s top ten companies paid nearly ten-point-six trillion won in corporate tax in 2015. It represents 23-point-five percent of the total corporate tax revenue that year.
The combined portion of the top ten companies in the total corporate tax collection also jumped from 22-point-four percent in 2013 to 23-point-five percent in 2015.
Samsung Electronics paid over three-point-two trillion won in corporate tax in 2015, which was seven-point-one percent of the total amount. Hyundai Motor came in second paying one-point-four trillion won.
Korea Electric Power Corporation ranked third, followed by SK Hynix and Korea Hydro and Nuclear Power Corporation.