Golden Keys and Turtles Found at Delinquent Taxpayers' Homes: Jeonbuk State Collects 170 Million Won

Jeonbuk State announced today (July 27) that it has searched the homes of 58 individuals who intentionally avoided paying local taxes despite having the ability to pay, collecting 174 million won and seizing 239 movable properties.

The seized items include luxury watches, golden keys, golden turtles, and expensive bags.

Various cases of asset concealment were also uncovered.

The provincial government explained that some delinquents hid their assets by living in housing under their spouse's name after a simulated divorce while concealing precious metals, or by managing cash while operating businesses under other people's names.

It also added that during the home searches, there were instances where individuals refused entry to business premises or claimed ownership disputes.

Jeonbuk State plans to publicly auction the seized movable properties with high liquidity in October through OnBid, the Korea Asset Management Corporation's (KAMCO) online public auction system.

Lee Min-sook, head of the province's Local Administration Bureau, said, "We will establish a fair tax-paying order and realize tax justice through intensive punitive measures such as home searches and public auctions of seized assets."

(Photo provided by Jeonbuk Special Self-Governing Province, Yonhap News)
※ Please note: This article was translated by AI and may contain errors.