Kim Chang-ki, Commissioner of the National Tax Service, "Illegal Private Loans Will Be Strictly Punished Using All Means"

New Year's Address

Kim Chang-gi, Commissioner of the National Tax Service.

Kim Chang-gi, Commissioner of the National Tax Service, stated on the 2nd, "All means must be mobilized to strictly punish tax evasion acts that harm the stability of ordinary people's lives, such as illegal private loans, and exploit the difficulties of the vulnerable."

On this day, Commissioner Kim said in his New Year's address, "We will conduct tax investigations, asset tracking, and cooperation with related agencies centered on the Illegal Private Loan Eradication Task Force (TF)."

He also emphasized a thorough verification policy regarding tax evasion. Commissioner Kim said, "We will thoroughly verify tax evasion acts that cause sincere citizens to feel deprived, such as sophisticated offshore tax evasion, illegal tax evasion by large corporations and wealthy individuals, and public interest corporations that misuse donations," adding, "We will also relentlessly track high-amount and habitual tax delinquents who hide assets through cunning methods to evade tax payments and lead luxurious lifestyles."

He promised sufficient and timely tax support for small business owners and companies. Commissioner Kim said, "For struggling small business owners, we must ensure that the warmth of tax administration spreads evenly to places in need through early refund payments and expanded deadline extensions," and added, "Companies playing a pivotal role in the domestic economy, such as those in export and new industry sectors, will have their tax verification burdens eased so they can focus solely on business management without worrying about tax issues and compete on the global stage."

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