Gyeonggi-do Investigates 8,937 High-Amount Tax Delinquents Owing Over 30 Million Won, Plans Travel Ban

Gyeonggi Provincial Government

Gyeonggi Province is planning to impose travel bans on high-value tax delinquents owing more than 30 million won.

Gyeonggi Province announced on the 27th that from September to December, it will conduct a four-month investigation targeting 8,937 high-value tax delinquents who owe more than 30 million won in local taxes and will push for travel ban measures.

The province will identify individuals among the delinquents who are difficult to seize assets from or are suspected of fleeing abroad to hide assets. It will investigate whether they hold valid passports, their foreign currency transaction records, and overseas entry and exit records to finalize the list of those subject to travel bans.

The travel ban period is six months for Korean nationals and three months for foreigners, with the possibility of extension if necessary.

Earlier, since this year, the criteria for requesting travel bans were strengthened from the metropolitan local government delinquent amount to a nationwide total, leading to additional investigations on 447 delinquents, and in June, travel bans were requested for 43 of them.

Last year, Gyeonggi Province imposed travel bans on 285 high-value delinquents who owed about 36 billion won and collected 1.4 billion won from them.

Ryu Young-yong, Director of the Tax Justice Division of Gyeonggi Province, stated, "We plan to strictly crack down on delinquents who deliberately evade tax obligations while enjoying affluent lifestyles such as traveling abroad or sending their children to study overseas," adding, "We will continue to do our best to foster a culture of sincere tax payment in the province through thorough management of delinquents."

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