Customs Agency Turns to Naver’s Big Data to Limit Tax Evasion

SEOUL, Jan. 20 (Korea Bizwire) — South Korea’s internet conglomerate Naver Corp.’s big data technology will be employed in the customs clearance process of overseas direct purchases (ODP) as part of an initiative to limit tax evasion. The Korea Customs Service (KCS) signed a memorandum of understanding (MOU) with Naver on Tuesday, enabling the KCS [...]