Korean Tax Agency to Levy Surtax against Lone Star Funds

SEOUL, May 28 (Korea Bizwire) – After its partial victory in a lawsuit against the U.S. private equity firm Lone Star Funds over the taxation of income generated by the sale of a skyscraper in Seoul’s Gangnam district, the National Tax Service (NTS) is expected to levy the additional tax on Lone Star. On May 27, the [...]