Korea Customs Service
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Korea Customs Service
The Korea Customs Service (, KCS) is one of tax organizations in South Korea and is run under the Ministry of Economy and Finance. The headquarters is in Seo District, Daejeon Daejeon () is South Korea's fifth-largest metropolis, with a population of 1.5 million as of 2019. Located in the central-west region of South Korea alongside forested hills and the Geum River, the city is known both for its technology an .... References External links Official website Government agencies of South Korea Taxation in South Korea Customs services {{SouthKorea-stub ...
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South Korea
South Korea, officially the Republic of Korea (ROK), is a country in East Asia, constituting the southern part of the Korean Peninsula and sharing a land border with North Korea. Its western border is formed by the Yellow Sea, while its eastern border is defined by the Sea of Japan. South Korea claims to be the sole legitimate government of the entire peninsula and adjacent islands. It has a population of 51.75 million, of which roughly half live in the Seoul Capital Area, the fourth most populous metropolitan area in the world. Other major cities include Incheon, Busan, and Daegu. The Korean Peninsula was inhabited as early as the Lower Paleolithic period. Its first kingdom was noted in Chinese records in the early 7th century BCE. Following the unification of the Three Kingdoms of Korea into Silla and Balhae in the late 7th century, Korea was ruled by the Goryeo dynasty (918–1392) and the Joseon dynasty (1392–1897). The succeeding Korean Empire (1897–1910) was an ...
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Ministry Of Economy And Finance (South Korea)
The Ministry of Economy and Finance (abbreviated to MOEF) oversees the financial policies of the South Korean government. It publishes a monthly report on the national economy, known as the "Green Book." The current minister is Choo Kyung-ho. The headquarters is in the Sejong Government Complex in Sejong City. According to Chapter 3 Article 19 of the Government Organisation Act, the Minister of Economy and Finance also acts as the Deputy Prime Minister, together with the Minister for Education. MOEF has enforcement functions as well. It oversees the National Tax Tribunal and the Financial Intelligence Unit. The ministry was formed in 1994 through the merger of the old Economic Planning Board (est. 1961) and Ministry of Finance (est. 1948). History 1948 Three years after gaining independence from Japan, the Korean government was set up and it established the Ministry of Finance and the Economic Planning Board. The Ministry of Finance took charge of designing tax, financial an ...
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Seo District, Daejeon
Seo District (Seo-gu) is a gu ("district") of Daejeon, South Korea. Daejeon Metropolitan City Hall is also located there. Administrative divisions Seo-gu is divided into 14 '' dong'' (동, "neighborhoods"): * Gasuwon-dong * Gwanjeo-dong * Giseong-dong * Wolpyeong-dong * Nae-dong * Gajang-dong * Goejeong-dong * Dunsan-dong * Sancheon-dong * Tanbang-dong * Yongmun-dong * Byeon-dong * Boksu-dong * Doma-dong Places of Interest Dunsan-dong is one of the more densely populated areas of Daejeon. As a result, it is the location of several points of interest. These include department stores, government offices, and several international chain restaurants and retailers. There is Pai Chai University Pai Chai University is one of South Korea's oldest modern universities. Its campus is located in Seo-gu, in Daejeon metropolitan city, on the lower slopes of Yeonja Mountain. It has a present-day student body of about 14,000. Undergraduate p ... in Seo District, Daejeon. T ...
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Daejeon
Daejeon () is South Korea's fifth-largest metropolis, with a population of 1.5 million as of 2019. Located in the central-west region of South Korea alongside forested hills and the Geum River, the city is known both for its technology and research institutions, and for celebrating its natural environment, with most mountains, hot springs, and rivers freely open for public use. Daejeon serves as a hub of transportation for major rail and road routes, and is approximately 50 minutes from the capital, Seoul, by KTX or SRT high speed rail. Daejeon (along with Seoul, Gwacheon and Sejong City) are collectively South Korea's administration hubs. The city is home to 23 universities and colleges, including Korea Advanced Institute of Science and Technology (KAIST) and Chungnam National University, as well as government research institutes, and research and development centers for global companies such as Samsung, LG, mostly located in the city's Daedeok Science Town. Occu ...
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Government Agencies Of South Korea
A government is the system or group of people governing an organized community, generally a state. In the case of its broad associative definition, government normally consists of legislature, executive, and judiciary. Government is a means by which organizational policies are enforced, as well as a mechanism for determining policy. In many countries, the government has a kind of constitution, a statement of its governing principles and philosophy. While all types of organizations have governance, the term ''government'' is often used more specifically to refer to the approximately 200 independent national governments and subsidiary organizations. The major types of political systems in the modern era are democracies, monarchies, and authoritarian and totalitarian regimes. Historically prevalent forms of government include monarchy, aristocracy, timocracy, oligarchy, democracy, theocracy, and tyranny. These forms are not always mutually exclusive, and mixed gover ...
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Taxation In South Korea
A tax is a compulsory financial charge or some other type of levy imposed on a taxpayer (an individual or legal person, legal entity) by a governmental organization in order to fund government spending and various public expenditures (regional, local, or national), and tax compliance refers to policy actions and individual behaviour aimed at ensuring that taxpayers are paying the right amount of tax at the right time and securing the correct tax allowances and tax reliefs. The first known taxation took place in Ancient Egypt around 3000–2800 BC. A failure to pay in a timely manner (Tax noncompliance, non-compliance), along with evasion of or resistance to taxation, is punishable by law. Taxes consist of direct tax, direct or indirect taxes and may be paid in money or as its labor equivalent. Most countries have a tax system in place, in order to pay for public, common societal, or agreed national needs and for the functions of government. Some levy a flat tax, flat percentag ...
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