[Breaking] Lone Star Wins 153 Billion KRW Tax Refund Lawsuit Against Government... Partial Reduction in Delay Interest Only
![[Breaking] Lone Star Wins 153 Billion KRW Tax Refund Lawsuit Against Government... Partial Reduction in Delay Interest Only](http://www.asiae.co.kr/news/img_view.htm?img=2021062917035611988_1624953836.png)
Corporations related to the Lone Star fund won a lawsuit against the government claiming unpaid tax refunds and refund surcharges.
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The court ruled that the Republic of Korea must pay approximately 153 billion KRW. However, in calculating the delayed damages, the court applied the civil law delay interest rate of 5% per annum instead of the 12% per annum rate stipulated by the Act on Promotion of Litigation until the date of the judgment.
This content was produced with the assistance of AI translation services.
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