More Than 500 Bln Won Evaded in Customs Duty, 55% by Multinational Firms

Write : 2016-09-22 11:06:22 Update : 2016-09-22 11:21:05

More Than 500 Bln Won Evaded in Customs Duty, 55% by Multinational Firms

A South Korean lawmaker claimed on Thursday that a significant portion of evasion of customs duties in the country is being committed by multinational companies based overseas.

According to data submitted by the Korea Customs Service(KCS) to Saenuri Party Rep. Park Myung-jae, the KCS forcibly collected 501-point-four billion won worth of unpaid customs duties last year, up 18-point-six percent from a year earlier.

A total of 136 multinational companies turned out to have evaded paying customs duties last year. They had to pay 276-point-three billion won, which accounts for 55 percent of the unpaid amount that the KCS forcibly collected.

In the first eight months of this year, multinational companies were revealed to have evaded paying 157-point-eight billion won, or 69 percent of all unpaid customs duties during the period.

  • RSS
  • Facebook
  • Twitter
  • print
  • list
  • Top
prev  prev  1 2 3 4 5 6 7 8 9 10 next
Internet Radio On-Air Window to KBS WORLD Radio Window to KOREA
Speak Korean, Dream High
Discover Korea's World Heritage
Visit Seoul 공개방송
70 Years of Liberation, 30 Years into the Future
More Service
KBS World Radio On-Air
  • KBS World Radio On-Air
  • On-Air app is specifically designed for quick and easy access to audio services for KBS World Radio programs in 11 languages.


2 / 4