Gyeonggi-do Seizes and Tows 144 Tax-Delinquent Phantom Cars Owned by Closed Corporations

Gyeonggi Provincial Government

Gyeonggi Province conducted a crackdown on delinquent ghost cars owned by closed corporations over two months in August and September, forcibly towing 144 vehicles. Gyeonggi Province is collaborating with 31 cities and counties to carry out a large-scale crackdown until November.

Gyeonggi Province stated that when a corporation is liquidated, corporate-owned vehicles should have their ownership transferred through a proper liquidation process (auction). However, many cases have been reported where third parties use the vehicles through abnormal transactions, turning them into ghost cars. Among 1,166 vehicles identified through insurance subscriptions and other means, 607 were suspected ghost cars, and their locations were tracked and investigated.

As a result of tracking 158 suspected vehicles over the two months of August and September, 49 vehicles (31%) were caught and auctioned. Additionally, the 31 cities and counties conducted their own crackdowns on ghost cars, forcibly towing 95 vehicles.

Gyeonggi Province plans to track and forcibly tow the remaining 449 suspected ghost cars out of the 607 by November.

Ryu Young-yong, Director of the Tax Justice Division of Gyeonggi Province, stated, "Gyeonggi Province will inform residents about the dangers of ghost cars and suppress the potential production of ghost cars through continuous efforts to eradicate them."

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