Gyeonggi-do Conducts Full Investigation of Court Deposits for Non-Tax Revenue Delinquents... Seizes 31.1 Billion KRW in Arrears

[Asia Economy (Suwon) = Reporter Lee Young-gyu] Gyeonggi Province has uncovered a large number of defaulters who failed to pay non-tax revenues such as fines, penalties, and enforcement charges despite holding court deposit funds worth tens of millions of won.

Gyeonggi Province announced on the 3rd that it conducted a full investigation of court deposit details for more than 120,000 defaulters with non-tax revenue arrears of over 1 million won for four months starting from September last year, seizing court deposits worth approximately 31.1 billion won held by 1,685 of them and collecting 1 billion won.

Court deposits refer to money or securities entrusted to the court by parties involved in lawsuits, such as creditor-debtor disputes or real estate auction executions, for purposes such as debt repayment, collateral, or safekeeping.

According to the province's investigation, Company A located in Goyang City was found to have 30 million won in court deposits despite not paying enforcement charges of 26 million won imposed for unauthorized extension and remodeling of a building in a development-restricted zone for two years since 2019. Mr. B, residing in Pyeongtaek City, was also found to have 8 million won in court deposits despite defaulting on 8 million won in cadastral readjustment adjustment fees, which are calculated when land area increases or decreases.

Mr. C, living in Ansan, defaulted on enforcement charges totaling 31.4 million won imposed three times in 2017, 2019, and 2020 for unreported and unauthorized construction, resulting in real estate seizure; the investigation confirmed court deposits of 29.68 million won.

The province seized the court deposits of these individuals and forcibly collected the arrears. Additionally, for court deposits currently impossible to forcibly collect due to lawsuits between defaulters and third parties, the province plans to sequentially collect all arrears by applying collateral cancellation and other measures according to relevant laws.

Choi Won-sam, head of the Tax Justice Division of the province, stated, "If the seizure had been delayed even slightly, defaulters might have reclaimed the court deposits, making it difficult to collect the arrears. We will do our best to foster a culture of sincere tax payment in the province through meticulous management of defaulters."

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