Korean Authorities Reveal List of Tax Evaders with Huge Debts
According to Naver on November 15th, the South Korean Ministry of Administrative Safety and various local government organizations have released a new list of individuals and companies who have failed to pay substantial or regular tax payments. The total number of individuals included in the list amounts to approximately 70,000, with the total amount owed surpassing 4 trillion Korean won.
Among them, the individual with the highest amount of outstanding taxes is Jin Junlie, 40 years old, who has failed to pay the cigarette consumption tax worth 19.016 billion Korean won for two consecutive years.
The department also plans to take measures against individuals who have not paid their taxes, such as imposing travel restrictions (for those owing more than 30 million Korean won) and seizing assets (for those owing more than 50 million Korean won). For high-value tax evaders who deliberately hide their assets, the department will enhance asset tracking investigations and employ other measures to compel them to fulfill their outstanding debts.
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