A majority of large companies in South Korea said that they are paying an increasing amount of corporate taxes and the tax burden will likely mount down the road, a survey showed Thursday.

According to the survey by the Federation of Korean Industries on how businesses feel about the tax burden, 59.9 percent answered that their actual tax payment has been increasing since 2011.

The survey was conducted on the top 1,000 companies in sales, of which 157 businesses responded.

Of those surveyed, 77.7 percent answered that their corporate tax burden will likely increase next year as the latest tax revision has been put in place.

The FKI, a business lobby group that represents the interests of large companies, said that worsening corporate earnings in recent years and the government-led efforts to reduce exemptions and other benefits for companies might be behind the survey results.

Data provided by the FKI showed that the government has collected 2.6 trillion won ($2.2 billion) more in corporate taxes during the January-August period this year compared with a year earlier. (Yonhap)