Gyeonggi-do Collects 42.7 Billion KRW in High-Amount and Habitual Delinquencies... 5 Billion KRW Increase Compared to Same Period Last Year

Gyeonggi Provincial Government

Gyeonggi Province collected 42.7 billion KRW in local tax arrears from high-amount defaulters by April this year. This amounts to about 41% of the annual collection target of 105.3 billion KRW, exceeding the same period last year (37.7 billion KRW) by more than 5 billion KRW.

Gyeonggi Province attributes the success to intensified enforcement measures such as strengthened home searches, seizure of license plates from delinquent vehicles, and expanded joint crackdowns.

Home searches are conducted on defaulters identified through thorough preliminary investigations who are found to be hiding assets, driving luxury imported cars while delaying tax payments, or deliberately transferring real estate to family members to evade seizure due to arrears.

Gyeonggi Province plans to auction off the seized items through the "Local Tax Defaulters' Seized Movable Property Public Auction" scheduled for September, using the proceeds to cover the outstanding tax amounts.

The joint crackdown on seizure of license plates from delinquent vehicles is a special enforcement operation conducted monthly by Gyeonggi Province and city/county authorities in densely populated areas such as large supermarkets and local festival sites, in cooperation with the local police departments.

Until last year, this operation was conducted four times annually, but starting this year, it is being carried out monthly with expanded locations and personnel.

Additionally, for malicious and habitual defaulters who have sufficient ability to pay but continue to default, the province tracks and seizes their assets, and establishes special collection plans for high-income earners. Continuous high-intensity collection efforts will be made to recover taxes from willful defaulters.

Ryu Young-yong, Director of the Tax Justice Division of the province, stated, "We will actively strive to establish tax justice and contribute to the soundness of local finances by carrying out strong collection activities against high-amount and habitual local tax defaulters."

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