Bank of Korea's corporate tax rate is higher than Samsung Electronics'... Will it be exempted next year?

Attention is focused on whether the bill to exempt the Bank of Korea, which was established as a capital-free special corporation for the purpose of establishing and implementing currency credit policy, from corporate tax will be rekindled after the new administration is inaugurated.
The industry is also arguing that the unnecessary double tax structure of the central bank must be eliminated.
"Once the election is over and the National Assembly returns to its normal schedule, the bill to exempt the Bank of Korea from corporate tax will be debated again along with other bills," he said. "To eliminate the double tax structure of the central bank,
Prior to this, the lawmaker had previously proposed a bill to amend the Bank of Korea Act and a bill to amend the Special Taxation Act, which would exempt the Bank of Korea from corporate tax.
The bill is currently being debated in the National Assembly. The lawmaker said that although the Bank of Korea is our central bank, which was established as a special corporation without capital to establish and implement currency credit policy,
First, they take the position that, under current law, profits generated through financial activities such as open market operations and the sale of foreign currency assets are subject to corporate tax, and therefore it is inappropriate to pay corporate tax on such profits.
In particular, even if the Bank of Korea does not impose corporate tax, all of its profits, except for the statutory reserve fund, are paid as non-tax income. In other words, the business income of the Bank of Korea, which has no private equity, is paid entirely to the government.
This means that the national finances will not improve by even 0 won even if a corporate tax is imposed.
The Bank of Korea was exempt from corporate tax when the Bank of Korea Act was enacted in 1950, but since 1982 it has been subject to general taxation, although it has paid corporate tax.
The tax rate for non-residents was lower than that for corporations, and since 1999, they have been subject to the same tax rate as general corporations.
In the case of central banks of major foreign countries such as the United States and Switzerland, most of them do not pay corporate taxes. Only the United Kingdom and France, which were established as private banks, and Japan, which currently has private shareholders, pay corporate taxes.
If this bill passes, the Bank of Korea will be exempt from corporate tax and will be able to reduce its revenue operations by integrating it into the central government's revenue stream.
This will also allow for savings in administrative manpower and costs. Meanwhile, the Bank of Korea's current net profit last year was 7.8 trillion won (US$7.7 billion), the second highest on record, and the government's tax payment this year is expected to reach 1.2 trillion won.
The total amount of corporate tax paid by Samsung Electronics to the company exceeds 2.5 trillion won (US$2.4 billion). This is the result of a surge in investment income from foreign currency assets due to the booming global stock market and falling interest rates.
Samsung Electronics turned a profit last year, posting operating profits of 12.4 trillion won (US$13 billion), but because losses from the previous year can be deducted from profits the following year,
Corporate tax is expected to be several hundred billion won (tens of billions of yen).