Yongin City to Register Delinquency Information of 144 Malicious Tax Delinquents

Yongin City Hall

Yongin City in Gyeonggi Province has sent advance notice letters of public record information registration to 144 individuals and corporations who have overdue payments of 5 million won or more.

These 144 entities (85 individuals and 59 corporations) have a total outstanding amount of 23.9 billion won.

Registration of public record information is an administrative sanction under Article 9 of the Local Tax Collection Act, which provides information such as the delinquent person's personal details and overdue amount to the Korea Credit Information Services to restrict the delinquent person's financial transactions.

Once public record information is registered, the delinquent party may face disadvantages such as loan denials or suspension of checking account transactions from all financial institutions for the next seven years.

The targets are those whose overdue period has exceeded one year with an overdue amount of 5 million won or more, and those who have been delinquent three or more times in a year with an overdue amount of 5 million won or more.

Yongin City sent the advance notice letters collectively to the addresses of the delinquent parties. If the overdue amount is not paid within the deadline after receiving the notice, the delinquency information will be registered with the Korea Credit Information Services in August.

A Yongin City official emphasized, "Delinquents should pay their overdue amounts in advance to avoid disadvantages in financial transactions," and added, "We will continue to carry out strong collection activities to resolve overdue amounts and provide fair and just tax administration services."

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