S. Korea Begins Tax Probe on Foreigners Who Own Multiple Homes

SEJONG, Aug. 3 (Korea Bizwire) — South Korea’s tax authorities said Monday they have launched a tax probe against 42 foreigners who own multiple homes in the nation, amid efforts to curb housing prices in Seoul and its neighboring areas. According to the National Tax Service (NTS), a 40-something U.S. citizen had purchased 42 homes [...]