SEOUL, Oct. 17 (Korea Bizwire) — The number of firearm confiscations by customs authorities skyrocketed more than 170 times this year from five years ago due to an illegal influx of powder-actuated nail guns, a customs report showed Monday. According to the Korea Customs Service report submitted to Rep. Bae June-young of the People Power [...]
SEOUL, May 23 (Korea Bizwire) — Stock manipulators will face confiscations of not only illegal gains but also their seed money under a revised capital market law that seeks to raise the integrity of the market. The National Assembly on Friday approved a partial revision to the Financial Investment Services and Capital Markets Act aimed [...]
SEJONG, Aug. 18 (Korea Bizwire) — More luxury goods or products purchased overseas purchased by major tax evaders are being confiscated when they re-enter South Korea ever since the policy was first implemented in 2017. The Korea Customs Service reported 23 cases of confiscation in 2017, 59 cases in 2018, and 69 cases in 2019. [...]