Tax Agency Probes 31 Illegal Stock Tip Rooms, Price Manipulators Over $1.4 Billion Evasion

■AI PRISM [News for Office Workers] Alleged Tax Evasion Exceeds 2 Trillion Won Korea Development Bank Flagged for 'Procedural Transparency' in Last Year's Human Rights Assessment Remember's 'Connect' Surpasses 1 Million Users

Finance|
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By Kang Do-won
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null - Seoul Economic Daily Finance News from South Korea

▲AI PRISM* Customized Economic Briefing

*Editor's Note: 'AI PRISM' (Personalized Report & Insight Summarizing Media) is an AI-based customized news recommendation and summary service developed with support from the Korea Press Foundation. It selects and provides six customized news items by reader type.

[Key Issue Briefing]

■ Office Worker Platforms Accelerate Revenue Diversification Through SNS and B2B: Remember succeeded in surpassing 1 million users within a month and a half of launching its real-name-based SNS 'Connect,' while Blind is fully expanding its organizational culture analysis B2B solution 'Blind Insights' into the domestic market, ramping up efforts to advance its revenue model. Job seekers targeting HR-tech and platform sectors should familiarize themselves with business model evolution — spanning recruitment, advertising, and data analytics — through real-world cases, analysts say.

■ Tax Probes on 31 Illegal Stock Tip Rooms and Price Manipulators, Alleged Tax Evasion Exceeding 2 Trillion Won: The National Tax Service has launched intensive tax audits on 31 operators involved in stock price manipulation and tunneling, including five illegal stock tip rooms that lured young adults and financially vulnerable groups with phrases such as "100% guaranteed returns within three days," with alleged tax evasion totaling more than 2 trillion won ($1.4 billion). Job seekers with limited investment experience are urged to exercise particular caution toward pseudo investment advisory services that tout high returns.

■ Korea Development Bank Slow to Improve Workplace Harassment Victim Relief Procedures: Criticism has emerged that Korea Development Bank (KDB) is handling human rights issues only superficially, failing to take substantive action — such as revamping its reporting page — despite receiving a recommendation last year from an external human rights impact assessment to strengthen transparency in victim relief procedures. For job seekers preparing to enter public institutions, examining each organization's culture and human rights management standards in advance is considered a factor directly tied to post-hire adjustment.

[News of Interest to New Office Workers]

1. Despite Recommendations to Improve Victim Relief, KDB Just Stalls for Time

- Key Summary: Korea Development Bank received a recommendation in its 2025 human rights impact assessment to strengthen procedural transparency so that victims and reporters could receive fair relief without fear of secondary harm, but it has yet to overhaul its reporting page. Despite spending 13.4 million won on external consulting for human rights capacity enhancement, critics note that guidance on processing standards, stage-by-stage deadlines, and protective measures remains absent. In February this year, controversy erupted over secondary harm after top management repeatedly phoned a workplace harassment victim. Experts point out that when workplace harassment occurs, workers should first verify the reporting channel's processing standards and whether protective measures are provided.

2. "100% Guaranteed Returns in 3 Days" Used as Bait for Tax Evasion… Intensive Tax Probes on 31 Illegal Stock Tip Rooms and Tunneling Operations

- Key Summary: The National Tax Service announced tax audits on 31 operators that disrupted stock market order through unfair practices including illegal stock tip rooms, price manipulation, and tunneling. Alleged tax evasion totals more than 2 trillion won, and five illegal stock tip rooms are estimated to have inflicted damages exceeding 4 billion won on young adults and seniors using phrases such as "recommended stocks surging 300%" and "100% guaranteed returns within three days." The National Tax Service plans to refer cases to investigative authorities for criminal prosecution if evidence destruction or asset concealment is confirmed. Warnings are emerging that paid investment information containing return-guarantee language is likely illegal.

3. Naver Chases Coupang With Additional 33 Billion Won Bet on Kurly

- Key Summary: Naver decided on the 6th to inject an additional 33 billion won into Kurly, raising its stake from 5.1% to 6.2%, while monthly active users (MAU) of Naver Plus Store surged 45.1% from 5.77 million in November last year to 8.38 million last month following Coupang's personal data leak incident. SK Securities (001510) analyzed, "Naver has been enjoying spillover benefits from Coupang customer departures since late last year," adding, "Membership users and shopping transaction volume are expanding." Naver's commerce ecosystem-inclusive services segment posted a 35.6% growth rate as of the first quarter, and e-commerce competition is expected to intensify in the second half with Lotte Mart's Ocado fulfillment center going operational and Gmarket and 11Street fully rolling out cross-border shopping strategies. Given the rapid reshaping of the platform industry landscape, new office workers in IT and retail sectors need perspective on changes in the commerce ecosystem, observers say.

[Reference News for New Office Workers]

4. From SNS to B2B Solutions… Office Worker Platforms Expanding New Businesses

- Key Summary: 'Connect,' a real-name-based SNS for office workers launched by business card management app Remember, surpassed 1 million users in 45 days. Connect is a networking platform for sharing actual work experiences and career success and failure stories, with one-fifth of Remember's total 5 million subscribers already active on it. Blind plans to expand 'Blind Insights' — an organizational culture analysis solution used in the U.S. by global companies such as Meta and TikTok — to Korea this year and launch an LLM service within the year. Analysts note a clear trend of office worker platforms simultaneously expanding along two axes: personal branding and organizational culture data analytics.

5. Up to 40% Income Tax Deduction… National Growth Fund Goes on Sale From the 22nd

- Key Summary: The Financial Services Commission will sell the National Participation Growth Fund on a first-come, first-served basis at 25 banks and securities firms from the 22nd through the 11th of next month. More than 60% will be invested in advanced strategic sectors such as AI, semiconductors, and bio, with income tax deductions of 40% applied to investments up to 30 million won, 20% on 30–50 million won, and 10% on 50–70 million won when held for three years or more. The government bears 20% of operating losses, and dividend income is subject to 9% separate taxation, with 120 billion won preferentially allocated to lower-income earners making under 50 million won. Since anyone aged 19 or older (including earned-income earners aged 15 or older) can subscribe, new office workers also fall within the eligible scope.

6. "Oppose the Ruinous Strike" — New Samsung Electronics (005930) Shareholder Group Emerges With Criticism

- Key Summary: With Samsung Electronics' majority union announcing an 18-day general strike from the 21st, the 'Samsung Electronics Shareholder Action Implementation Headquarters' successively hung protest banners in Hannam-dong, Seoul, and declared a counter-rally. The 15% of operating profit in performance pay demanded by the union is estimated by the market at 45 trillion won, and Citi Research cut its target price for Samsung Electronics from 320,000 won to 300,000 won reflecting strike risks, while lowering its 2026 and 2027 operating profit forecasts by 10% and 11%, respectively. Board Chairman Shin Je-yoon also issued an unusual appeal through the internal bulletin board, stating, "Strike losses and customer departures inflict serious damage on shareholders and local communities," and concerns are emerging that small and mid-sized suppliers in the supply chain could shift to competitors such as TSMC if production lines halt. For new office workers, those in the semiconductor sector should closely watch customer departure and supply chain restructuring risks, and regardless of industry, given that labor-management conflicts directly affect corporate stock prices and profit forecasts, workers should examine their company's labor-management dynamics as a career management variable, analysts say.

▶ Go to Article: Korea's 30-Year Government Bond Yield Hits Yearly High… "Expansionary Fiscal Policy Needs Speed Control"

▶ Go to Article: "Oppose the Ruinous Strike" — New Samsung Electronics Shareholder Group Emerges With Criticism

null - Seoul Economic Daily Finance News from South Korea
null - Seoul Economic Daily Finance News from South Korea
null - Seoul Economic Daily Finance News from South Korea
null - Seoul Economic Daily Finance News from South Korea
null - Seoul Economic Daily Finance News from South Korea
null - Seoul Economic Daily Finance News from South Korea

AI-translated from Korean. Quotes from foreign sources are based on Korean-language reports and may not reflect exact original wording.

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