'6.4 Billion Won Tax Delinquent' Found with Suitcase Packed with 1 Billion Won

The National Tax Service and the Korea Customs Service conducted their first-ever joint search targeting 16 high-profile, persistent tax delinquents, seizing 1.3 billion won worth of hidden assets and securing a promise to pay back 15 million won per month in installments.

As a result of the joint search, individual A, a 40-something e-cigarette trader with a total of 6.4 billion won in arrears, had over 1 billion won in bundles of cash and checks seized after hiding them inside a suitcase.

Individual B, a 50-something who failed to pay 120 million won in taxes, including omitting capital gains tax reports from land sales, was found to have lived a luxury lifestyle, taking 127 overseas trips over the past five years.

Authorities seized five luxury bags, eight watches, and 15 promissory notes worth 500 million won from B's home.

Individual C, a 60-something mold manufacturer who defaulted on 550 million won in taxes, was found to have evaded forced collection through a sham divorce while living in a large apartment owned by their ex-spouse.

The National Tax Service and the Korea Customs Service plan to regularize the exchange of information regarding hidden assets and living conditions of individuals who owe both national and customs taxes, and continue their joint response going forward.

(Photo provided by the National Tax Service, Yonhap News)
※ Please note: This article was translated by AI and may contain errors.