SEOUL, April 23 (Korea Bizwire) — The Seoul metropolitan government said Friday it has seized the cryptocurrencies of hundreds of top tax delinquents who hid their assets in digital form, becoming the country’s first local government to do so. The city government said its tax collection department found the cryptocurrencies of 1,566 individuals and heads [...]
SEOUL, Jan. 5 (Korea Bizwire) – South Korea’s anti-piracy unit began operations in waters near the Strait of Hormuz on Tuesday to respond to heightened tensions after Iran’s seizure of a South Korean oil tanker, officials said. On Tuesday, Iran’s Islamic Revolution Guards Corps seized the tanker, MT Hankuk Chemi, due to what Teheran claims to [...]
SEOUL, Dec. 26 (Korea Bizwire) – Chinese authorities recently examined a South Korean-flagged tanker over suspicion that it was smuggling refined oil to China, its embassy in Seoul said Saturday. The embassy’s explanation came after a local newspaper reported that Chinese authorities inspected the oil and chemical tanker for an unknown reason, sparking speculation that [...]