South Korea's National Tax Service Secures Record ₩393.8 Billion in Back Taxes—'Shipping King' Kwon Hyuk Agrees to Full Payment After 15 Years
- Kwon Hyuk, chairman of Sido Group and known as the "Shipping King," who held the top spot among individual tax delinquents in South Korea, has agreed to fully pay ₩393.8 billion (approximately $294.1 million) in back taxes after holding out for 15 years.
- The National Tax Service has set a new milestone in high-value delinquency collection by accepting overseas vessels as collateral for the first time in its history.
- Lim Kwang-hyun, commissioner of the National Tax Service, announced the progress of the High-Value Delinquency Special Response Task Force (TF) at the Government Complex Sejong on
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- Kwon Hyuk, chairman of Sido Group and known as the "Shipping King," who held the top spot among individual tax delinquents in South Korea, has agreed to fully pay ₩393.8 billion (approximately $294.1 million) in back taxes after holding out for 15 years.
- The National Tax Service has set a new milestone in high-value delinquency collection by accepting overseas vessels as collateral for the first time in its history.
- Lim Kwang-hyun, commissioner of the National Tax Service, announced the progress of the High-Value Delinquency Special Response Task Force (TF) at the Government Complex Sejong on
Sources: Biggo