President Lee Jae-myung has ordered strict action against fraudulent state subsidy claims, calling them "brazen tax theft," and warned of severe penalties to deter future offenses.
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https://en.infomaxai.com/news/articleView.html?idxno=107025

President Lee issues a stern warning against fraudulent subsidy claims, labeling them as brazen tax theft and vowing harsh penalties for offenders.
#YonhapInfomax #PresidentLee #SubsidyFraud #TaxTheft #Penalties #Warning #Economics #FinancialMarkets #Banking #Securities #Bonds #StockMarket
https://en.infomaxai.com/news/articleView.html?idxno=107020

South Korea detected a record 992 cases of subsidy fraud in 2024, totaling 66.8 billion won ($50 million), as authorities ramped up inspections and reclaimed over 1 trillion won in idle funds.
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#SubsidyFraud #MinistryOfEconomyAndFinance #DetectionRate #NationalTreasury #Sanctions
#Economics #FinancialMarkets #Banking #Securities #Bonds #StockMarket
https://en.infomaxai.com/news/articleView.html?idxno=106786