Korea Joongang Daily
Korea JoongAng Daily

Tax revenue rises by 5.5 trillion won in March on higher income collections

Korea's tax revenue increased by 5.5 trillion won ($3.7 billion) from a year earlier in March, driven by increases in income tax collections, government data showed Thursday.

2026-04-30

Singer-actor Cha Eun-woo attends Army band event during military service following tax evasion allegations

Cha Eun-woo, the singer and actor facing allegations of tax evasion involving over 20 billion won ($13.5 million), was spotted attending an Army band event during his military service.

2026-04-29

Korea to begin 1st filing for global minimum corporate tax next month

Korea's tax authorities said Tuesday they will begin receiving filings under the new global minimum corporate tax regime from more than 2,500 multinational enterprises next month.

2026-04-28

Seoul court cancels 68.7 billion won in taxes on Netflix Korea

The Seoul Administrative Court canceled nearly 70 billion won ($47.5 million) worth of tax imposed on Netflix Korea by the Korean tax authorities.

2026-04-28

Lee touts NTS's hunt for hidden overseas assets, describes 'tax justice' as 'very important value'

President Lee Jae Myung on Tuesday touted the tax office's ongoing search for hidden overseas assets. “Tax justice is a very important value,” Lee wrote on his X account at 12:57 a.m. on Tuesday.

2026-04-28

Korea pursues international tax evaders with cooperation from foreign authorities

Korea's tax authorities tracked down a foreign professional athlete who fled overseas without paying their taxes as part of the government's harsher crackdown on tax evaders, particularly those seeking haven abroad.

2026-04-28

Gov't raises child payment age to include 8-year-olds, provides payouts

The government widened the eligibility of child payments by raising the cut-off threshold by one year — up to the age of nine — allowing eight-year-old children to receive 100,000 won ($67) per month, the Ministry of Health and Welfare said Thursday.

2026-04-23

Gov't to more than double tax cuts on LPG butane to reduce fuel cost burdens

The government announced on Thursday that it will more than double fuel tax cuts on liquefied petroleum gas (LPG) butane products starting next month in a bid to lower the cost burden on consumers.

2026-04-23

Cabinet approves tax exemptions for owners of multiple homes filing for sales permits before May 9 deadline

The Cabinet on Tuesday approved revisions to enforcement decrees that will exempt owners of multiple homes from higher capital gains taxes if they file for sales permits by May 9.

2026-04-21

Cha Eun-woo pays $8.8M in tax penalties, petition filed amid military band assignment concerns

A petition has been filed calling for the military to review whether it is appropriate for Cha Eun-woo to serve in the military band, following reports that he had paid about 13 billion won ($8.8 million) in penalties over unpaid taxes.

2026-04-09