SEOUL, Aug. 13 (Korea Bizwire) – South Korea’s tax agency said Friday it will temporarily delay tax probes for smaller merchants who have suffered losses due to state orders for business shutdowns or suspensions over the pandemic. The National Tax Service (NTS) said it will suspend tax investigation until the end of next year for [...]
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 [...]
SEOUL, Mar. 22 (Korea Bizwire) — The chief of the management agency of BIGBANG and other K-pop stars said Friday he will faithfully comply with the authorities investigating its suspected tax evasion and an alleged sex-for-favors scandal involving a former BIGBANG member. Yang Min-suk, chief executive of YG Entertainment, made the remarks to reporters before [...]