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'Shipping King' Kwon Hyuk, Top Individual Tax Delinquent, to Pay 400 Billion Won After 15 Years

Summary by Naver
Payment of 100 billion won in cash, submission of payment plan for the remainder… Provision of 5 ships as collateral… Results of High-Value Delinquency Task Force… Lim Kwang-hyun: "We will collect delinquent taxes regardless of whether they are domestic or overseas." Sido Group Chairman Kwon Hyuk, who ranked first in high-value individual tax delinquency, has fully paid personal tax arrears amounting to 400 billion won.

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The National Tax Service announced on the 7th that Kwon Hyuk (pictured), Chairman of Sido Group and the top individual high-amount tax delinquent, has decided to pay approximately 400 billion won in back taxes, 15 years after the tax arrears began. Chairman Kwon was known as the "Shipping King" after establishing a shipping company in the 1990s and operating hundreds of ships in various locations overseas. Chairman Kwon had previously stated, "I…

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Payment of 100 billion won in cash, submission of payment plan for the remainder… Provision of 5 ships as collateral… Results of High-Value Delinquency Task Force… Lim Kwang-hyun: "We will collect delinquent taxes regardless of whether they are domestic or overseas." Sido Group Chairman Kwon Hyuk, who ranked first in high-value individual tax delinquency, has fully paid personal tax arrears amounting to 400 billion won.

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Kwon Hyuk, Chairman of Sido Group and the highest-ever tax delinquent, has decided to pay off approximately 400 billion won in outstanding taxes, 15 years after the arrears began. The National Tax Service announced on the 7th that Chairman Kwon agreed to pay his entire personal tax arrears of 393.8 billion won and completed an initial cash payment of 100 billion won last July. Regarding the remaining balance as well...

Kwon Hyuk, Chairman of the Sido Group and known as the "Shipping King," who held the top spot for high-value individual tax delinquency, has decided to pay the full 393.8 billion won in taxes that he had been delinquent on for nearly 15 years. Chairman Kwon has already paid 100 billion won in cash and has submitted a payment plan for the remaining arrears. The National Tax Service announced on the 7th that, following tracking by the Special Tas…

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Kwon Hyuk, Chairman of the Sido Group, who ranked first on the list of "high-value individual tax delinquents" for failing to pay nearly 400 billion won in taxes over the past 15 years, has decided to pay all outstanding taxes. The National Tax Service announced on the 7th that, following tracking by the Special Task Force on High-Value Tax Delinquency, Chairman Kwon submitted a payment plan to fully pay off 393.8 billion won in personal tax arr…

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한겨레 broke the news on Wednesday, October 7, 2026.
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