According to the 2021 Sustainability Report released by Samsung Electronics on Monday, the company paid 11.1 trillion won ($9.8 billion) in taxes and fees last year. This figure is an increase of 14.4% over the previous year.

Samsung Electronics will pay 8.1 trillion won in taxes and fees in Korea in 2020, accounting for 73% of its total taxes and fees. The Americas and Europe followed closely behind with a total of 14%, and Asia accounted for 11%.

It is worth mentioning that South Korea levied Samsung 86% and 68% in 2018 and 2019, respectively. In recent years, Samsung has continued to expand overseas markets, and the proportion of its business has continued to increase. But last year's new crown epidemic caused a surge in demand in the semiconductor market, and Samsung's domestic market business also increased significantly.

As the world’s largest manufacturer of memory chips and smartphones, Samsung’s 2020 annual revenue will reach 236.81 trillion won, of which the revenue from the Americas is the highest at 78.3 trillion won, followed by Europe at 46 trillion won and mainland China at 37.8 trillion won South Korean won, 37.7 trillion won in other parts of Asia and Africa, and the domestic revenue of South Korea reached 37 trillion won.