Korea Joongang Daily
Korea JoongAng Daily

Coupang under investigation for potential tax evasion

The National Tax Service launched an investigation into Coupang for potential offshore tax evasion.

2024-05-13

Tax evaders get creative with hiding money, revenue service says

YouTubers, streamers and influencers have joined the high-income tax-evading bunch, with many turning to creative ways to hide their money while secretly enjoying luxury lifestyles.

2023-11-29

Tax dodges with an overseas angle being investigated

A son failed to report the death of his father overseas and continued to collect rents on properties owned by the parent.

2022-10-06

Prosecutors raid NTS for information on Do Kwon and Terra

Prosecutors raided the National Tax Service (NTS) seeking information on Do Kwon, CEO of Terraform Labs and mastermind behind cryptocurrencies that collapsed and lost almost all their value last month.

2022-06-16

[THINK ENGLISH] 국내 판매된 초고가 수퍼카 80% 이상이 법인차로 등록돼

President-elect Yoon Suk-yeol has an ambitious goal of preventing tax evasion by changing the color of number plates of company-owned cars. But whether this change will actually be effective remains to be seen.

2022-04-20

National tax agency to increase cooperation with Britain, Bulgaria

Amid increasing global financial exchanges particularly in cryptocurrency, which has also resulted in the rise of international tax dodgers, the Korean tax agency is aiming to increase cooperation with other international tax agencies.

2022-03-25

Kids, one only 2, in the taxman's sights

The National Tax Service (NTS) on Thursday said it is investigating 446 young people suspected of evading taxes.

2021-09-30

Taxman goes after incomes hidden offshore

The National Tax Service on Wednesday said it is currently auditing 46 such cases. Common elements in the cases include digital technologies and accounts in countries known for financial secrecy such as Switzerland.

2021-07-07

Pandemic profits targeted by the NTS in latest crackdown

The National Tax Service (NTS) is investigating 67 people who are alleged to have diverted profits reaped as a result of booming business during the pandemic. A glof club and an orthodontist were on the list.

2021-05-25

Residents claiming non-resident status dodge taxes

The NTS noted that some foreigners are enjoying the welfare benefit provided by taxes paid by others living in Korea while failing to pay the taxes they own.

2021-03-24