Public Disclosure of 251 High-Amount and Habitual Customs Tax Delinquents... Total Delinquency of 919.6 Billion KRW, Averaging 3.7 Billion KRW Per Person

[Asia Economy (Daejeon) Reporter Jeong Il-woong] The list of high-amount and habitual customs tax delinquents has been made public. The customs authorities plan to continue tracking the hidden assets of malicious delinquents.

On the 7th, the Korea Customs Service announced that it disclosed the names of 251 high-amount and habitual customs tax delinquents through the Customs Service website and customs bulletin boards.

The disclosed list includes 173 individuals and 78 corporations. The total customs tax delinquency amounts to 919.6 billion KRW, with the highest individual amount being 450.5 billion KRW and the highest corporate amount being 19.8 billion KRW. The average delinquency per person (individual and corporation) is 3.7 billion KRW.

In addition to the disclosure, the Customs Service operates a ‘Delinquent Asset Tracking Team 125’ to continue investigative actions such as house searches against malicious high-amount delinquents who hide assets and evade delinquency measures.

They also plan to provide these delinquents’ credit information to the Korea Credit Information Services and impose administrative sanctions such as travel bans and inspections of delinquent import goods.

In particular, the Customs Service emphasized that, starting this year, with the implementation of the ‘detention system’ related to customs tax delinquency, they will track those who “habitually default without justifiable reasons despite having the ability to pay” and apply for detention to the prosecution.

The detention target applies to those who have defaulted on customs duties three or more times, with each delinquency exceeding 200 million KRW and one year having passed since the occurrence of each delinquency, applicable to delinquencies from January 1 of this year onward.

When the Customs Service applies for detention and the court recognizes the necessity and makes a final detention decision, the delinquent will be detained within 30 days.

Meanwhile, the Customs Service accepts reports of hidden assets of delinquents through its website and other channels, and rewards informants with up to 1 billion KRW.

This content was produced with the assistance of AI translation services.