Suwon City Conducts Home Raids on High-Amount Tax Delinquents, Seizes Cash and Precious Metals

Cash and precious metals secured through home searches of delinquent taxpayers conducted by Suwon City

[Asia Economy (Suwon) = Reporter Lee Young-gyu] Suwon City in Gyeonggi Province achieved results by collecting 61 million KRW and seizing 42 items of valuables through house searches of high-amount local tax delinquents.

On the 7th, Suwon City announced that it conducted house searches on 18 high-amount local tax delinquents from September to October, collecting 61 million KRW in cash including gift certificates on site, and seizing 42 movable properties such as bags and valuables. The city also obtained promises from 11 delinquents to pay their outstanding taxes totaling 376 million KRW in installments.

The city plans to immediately apply the seized cash to the delinquent tax amounts and publicly auction the movable properties after appraisal.

After reviewing data and conducting field investigations, the city selected high-amount and habitual delinquents for house searches. Then, after identifying the actual residences of the delinquents, house searches were conducted at their residences located in Suwon, Yongin, Hwaseong, and Seongnam.

A city official stated, "Most of them tried to avoid delinquency measures by falsely registering their resident registration or hiding assets under the names of spouses or relatives. As a result of the searches, those delinquents who were not living luxuriously or had no suspicion of hiding assets were granted a deferral of on-site seizure and encouraged to pay their delinquent amounts in installments to help them recover economically."

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