Deep Tide TechFlow News, on July 15, according to the Korea Unified News Agency, South Korea's National Tax Service Commissioner candidate Lim Kwang-hyun (phonetic) stated during the personnel hearing of the National Assembly's Planning and Finance Committee that efforts to combat tax evasion using new trading methods such as virtual assets will be strengthened. Lim emphasized the establishment and improvement of a system for collecting information on virtual asset transactions to proactively address new forms of tax evasion.
He also plans to prevent anti-social overseas tax evasion and national wealth loss by expanding tax information exchange with foreign countries and diversifying channels for collecting offshore information. Furthermore, Lim Kwang-hyun stated that artificial intelligence technology will be utilized to upgrade the tax evasion detection system, automatically extracting points of suspicion for tax evasion by analyzing basic data such as financial statements, while also taking resolute measures against behaviors such as manipulating stock prices, altering capital transactions by controlling shareholders, and illicitly seeking personal gain.