National Tax Service Opens Special Tax Probe Into Meritz Securities After Hana Financial

South Korea’s National Tax Service began an irregular special tax investigation of Meritz Securities on May 11. The move came three days after the agency launched special tax probes into Hana Financial Group and Hana Bank on May 8, extending its review to a major securities firm. The sequence is drawing attention because Meritz Securities has now been named after Hana Financial Group and Hana Bank. However, the original report only states the start date, target and nature of the investigation. The scope and outcome will depend on subsequent procedures by the tax authority. Source: mk.co.kr