Person
NTS Commissioner, who disclosed the review findings on the 23rd via his account on X and framed private use of corporate homes as a signal of overall tax evasion risk.
Lim Kwang-hyun, named chief of staff on the 14th, sponsored a 2024 bill taking minimum inheritance deductions to 1.8 billion won from 1 billion. The reporting shows his view but no government proposal to raise the deductions.
Reality
Kwon Hyuk, the Sido Group chairman known as Korea's shipping king, has agreed to pay about 400 billion won in back taxes he avoided for 15 years. The National Tax Service is holding the deal up as an example to the 12 people ranked behind him on its delinquent list, who owed about 1.95 trillion won combined when named.
Reality
The 2021 exemption for jointly titled single-home owners saves one 63-year-old couple 248,000 won and would cost a 49-year-old couple 5.28 million, so the National Tax Service will now calculate it and refund past overpayers.
Reality
The National Tax Service says its review found about 5,700 taxpayers who should apply for the joint-owner option and about 2,900 who should cancel it, and it will bill each of them at the cheaper figure in November.
Reality
The National Tax Service published the thresholds it used and the count it produced. Corporate property holding in Korea is now a disclosed liability with a number attached.
Reality