tax havens Archives | Be Korea-savvy

S. Korea Sees Surge in Capital Flows from Tax Havens: Data

SEOUL, Aug. 17 (Korea Bizwire) — A string of tax havens appeared in the list of countries that invested significantly in South Korea in the first half of this year, raising concerns about a possible influx of “dirty money,” government data showed Tuesday. The amount of foreign direct investment (FDI) in the country amounted to [...]

Big Firms Remit Hundreds Billion Dollars to Tax Havens

SEOUL, Aug. 16 (Korea Bizwire) — Large South Korean companies have sent more than US$400 billion to offshore tax havens over the past eight years, with nearly 40 percent of the amount yet to be returned home, data showed Sunday. According to the data by the Bank of Korea and other government agencies, local big firms remitted [...]