South Korea's tax agency has launched investigations into 50 companies suspected of misusing corporate-owned luxury homes for the private benefit of owners' families. The probes aim to uncover instances of tax evasion and improper use of company assets.

South Korea's National Tax Service announced plans to expand its role beyond national taxes, aiming to become a centralized collector of all government revenue, including fines, penalties, and compensation payments.

South Korea's tax agency announced it will extend payment deadlines and delay audits for taxpayers affected by recent floods.

South Korea's tax agency has initiated a special investigation into major lender KB Kookmin Bank. Approximately 30 investigators from the National Tax Service were reportedly sent to the bank's headquarters in Seoul.