Tax Delinquency Archives | Be Korea-savvy

Seoul Names and Shames Tax Delinquents Owing Over 10 Million Won

SEOUL, Nov. 22 (Korea Bizwire) – The Seoul Metropolitan Government has publicly disclosed the names of 12,686 high-value tax delinquents who owe more than 10 million won in local taxes, with the largest individual debtor being Oh Moon-cheol, 65, the former CEO of Bohae Savings Bank, who owes 15.17 billion won. The city government published the [...]

Seoul’s Smartphone Tax Delinquency Notification Service Proves Effective

SEOUL, Jan. 3 (Korea Bizwire) – The Seoul Metropolitan Government has reported significant success with its pilot operation of a ‘Smartphone Tax Delinquency Notification and Payment Service’ that informs citizens of their unpaid taxes via KakaoTalk. Launched as part of a pilot project, the service has seen a notable impact in encouraging prompt tax payments. Implemented [...]