The South Korean government is planning to temporarily block services of global IT companies such as Google and Facebook if they violate domestic laws or cause significant damage to users.The government’s move comes amid growing criticism of global IT companies for neglecting their social responsibi
The National Tax Service has reportedly launched a surprise tax probe against Google Korea.The National Tax Service sent investigators to Google Korea's headquarters in Yeoksam-dong, Gangnam-gu, Seoul, and secured documents such as accounting books, Yonhap News Agency reported on Dec. 12, quotin
The combined profits made by South Korea’s top 0.1 percent companies, including Samsung Electronics Co., SK Hynix Inc., Hyundai Motor Co., and LG Electronics Inc., accounted for more than half the profits made by all domestic companies. Their corporate taxes paid also took up over 60 percent of the
The National Tax Service (NTS) has started a tax investigation into large businesses and rich people just two days after President Moon Jae-in called for combating offshore tax evasion.The NTS announced on May 16 that it has launched a tax probe into 50 large businesses and rich people that are susp