Tag: National Tax Service

National Tax Service

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NTS launches special tax audit of KB Kookmin Bank

Korea's National Tax Service has begun a nonroutine audit of the bank through its Investigation Bureau IV team.

2026.8.13

Customs seizes 1.3 billion won from delinquent taxpayers in joint probe with tax agency

An investigation uncovered cash, foreign currency and luxury goods hidden by people "who enjoy lavish lifestyles while claiming business hardship."

2026.7.23

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Actor Ji Chang-wook attends the press conference for the zombie thriller ″Colony″ in Yongsan District, central Seoul, on May 20. [NEWS1]

Audit finds Ji Chang-wook owes billions in extra taxes, actor denies wrongdoing

Actor Ji Chang-wook acknowledged Tuesday that an audit found that he owes tens of billions of won in additional taxes, while denying any intentional evasion.

2026.6.2

The exterior of the National Tax Service building in Sejong [YONHAP]

Korea to begin 1st filing for global minimum corporate tax next month

Korea's tax authorities said Tuesday they will begin receiving filings under the new global minimum corporate tax regime from more than 2,500 multinational enterprises next month.

2026.4.28

An official from the National Tax Service announces the results of efforts to track and recover unpaid taxes from overseas assets at the Government Complex Sejong on April 27. [NEWS1]

Korea pursues international tax evaders with cooperation from foreign authorities

Korea's tax authorities tracked down a foreign professional athlete who fled overseas without paying their taxes as part of the government's harsher crackdown on tax evaders, particularly those seeking haven abroad.

2026.4.28

Singer and actor Cha Eun-woo poses during a press conference at Conrad Seoul hotel in Yeouido, Yeongdeungpo District, western Seoul on Dec. 22, 2022. [YONHAP]

Cha Eun-woo pays 20 billion won penalty and issues apology, claims 'sole responsibility' for tax scandal

Singer and actor Cha Eun-woo issued an apology over his tax evasion scandal and said he had paid the full amount — 20 billion won ($13.6 million) — owed in a statement on Wednesday.

2026.4.8

A cold wallet seized from a delinquent taxpayer and a phrase believed to be a mnemonic code appear in a photo attached to the National Tax Service’s press release on Feb. 26. [NATIONAL TAX SERVICE]

Police probing unauthorized crypto transfer after NTS inadvertently shared wallet recovery phrase

Police are investigating the unauthorized transfer of cryptocurrency seized by the National Tax Service, which accidentally disclosed a cryptocurrency wallet recovery phrase in a press release photo.

2026.3.1

Brands pull plug on Cha Eun-woo ads as criminal evasion team digs into tax-dodging allegations

A legal expert said that singer and actor Cha Eun-woo, who is currently facing allegations of dodging more than 20 billion won in taxes through a company registered under his mother’s name, could be referred to prosecutors if intent is proven.

2026.1.26

People wait in line in front of the popular bakery chain London Bagel Museum's store in Jongno District, central Seoul, on Oct. 30. [NEWS1]

Tax service opens investigation into London Bagel Museum

The National Tax Service launched a special tax investigation on Thursday into London Bagel Museum, a fast-growing bakery chain that has faced scrutiny after allegations that a staff member died from overwork.

2025.12.18

Hermes handbags are found at the residence of a taxpayer who failed to report capital gains after selling a high-priced commercial property and owes more than 10 billion won ($6.9 million) in unpaid taxes in this photo provided by the National Tax Service on Nov. 10. [NATIONAL TAX SERVICE]

Tax service seizes $12M in luxury goods, cash in raids on evaders

The National Tax Service announced that officials seized luxury goods and cash worth 18 billion won from high-profile tax delinquents in a large-scale raid on 18 wealthy offenders.

2025.11.10