tax dodgers Archives | Be Korea-savvy

Sham Divorces, Secret Safes, and Gold Bars: Korea’s Tax Dodgers Exposed

SEOUL, June 10 (Korea Bizwire) — South Korea’s National Tax Service (NTS) has launched an aggressive crackdown on 710 chronic tax delinquents who collectively owe more than 1 trillion won (approximately US$730 million), revealing widespread use of fraudulent schemes to hide assets and evade payment. The offenders, flagged for property tracking investigations, used tactics ranging [...]

Local Governments Pull Out All the Stops to Collect Overdue Taxes

SEOUL, Nov. 28 (Korea Bizwire) — The method of hiding the property of delinquent borrowers who do not pay back taxes is becoming more and more unexpected. The ability of tax collectors to find them is evolving as well. The Incheon Metropolitan Government conducted a special crackdown on 11 golf courses from November 18 to [...]