Politics · South Korea · 17 hrs ago
Gyeonggi collects 188 million won from rental-car deposits of tax debtors
South Korea’s Gyeonggi Province collected 188.26 million won by seizing claims to refundable car deposits held by people and businesses with unpaid local fees.
From May through October, the province and local governments checked 103,486 debtors who owed at least 500,000 won to the province or 1 million won to a city or county.
They matched compulsory car insurance records with unpaid-fee information because property checks based on vehicle ownership could miss people using leased or rental cars.
The checks found 400 leased- or rental-car users with a combined 4.67 billion won in unpaid fees, and 267 had deposits due back under their contracts.
Authorities seized the claims to those deposits and collected money from 63 debtors.
Gyeonggi says it will keep developing collection methods for different kinds of assets held by debtors.
Gyeonggi Province collected 188.26 million won from 63 tax debtors by seizing claims to rental-car and leased-car deposit refunds.
The collection followed an investigation using vehicle compulsory insurance records and local tax-debt information.
The investigation found 400 debtors using leased or rental vehicles, with total debts of about 4.67 billion won.
Of those, 267 were found to have deposits due for refund under their vehicle contracts.
Gyeonggi said this was the first time this collection method had been used in South Korea.
- Who
- Gyeonggi Province and municipal governments collected the money from tax debtors.
- What
- They seized claims to leased-car and rental-car deposit refunds and collected 188.26 million won from 63 people.
- When
- The investigation ran from May through October 2026; the province announced the results on November 9, 2026.
- Where
- Gyeonggi Province, South Korea.
- Why
- Existing property checks focused on vehicle ownership and had difficulty identifying debtors who used leased or rental vehicles.
This story does not have two clearly opposing sides.
Gyeonggi and municipal governments investigated 103,486 people with outstanding debts above set thresholds.
Authorities identified 400 debtors using leased or rental vehicles and found that 267 had refundable deposits.
Authorities had collected 188.26 million won from 63 debtors after seizing claims to deposit refunds.
- People investigated
- 103,486
- Vehicle users with debts
- 400 people; debts totalled 4,674,080,000 won
- Refundable deposits identified
- 267 debtors
- Collected
- 188,260,000 won from 63 people
- Collection method
- Seizure of claims to leased-car and rental-car deposit refunds
1 source
What people are saying
This is the first time nationwide that tax debts have been collected using this method.
We will continue working to develop collection techniques suited to the various forms of property held by tax debtors.