[Editorial] Illegal capital outflow
Feb 27, 2011
The Seoul Central District Prosecutors’ Office indicted on Thursday the head of a doll exporting company on charges of illegally siphoning off personal assets worth 94.7 billion won overseas and evading taxes totaling 43.7 billion won.The businessman, identified only by his surname Park, was suspected of having shifted his assets abroad for nine years since 2000 using his subsidiary in Hong Kong,