S. Korea's tax agency probes top Internet portal operator NHN Corp.
Published : 2013-02-04 20:31
Updated : 2013-02-04 20:31
South Korea's tax agency has launched an investigation into the nation's top Internet portal operator NHN Corp for the first time since 2007, a company official said Monday.
The official said the probe is a regular tax investigation that occurs every four or five years but NHN's first tax probe in 2007 forced the company to pay 1.48 billion won (US$1.3 million) in additional taxes.
The 2007 tax probe was the first on NHN since it was founded in 1999.
Naver is NHN's flagship Web portal that features a vast array of content, including email service, news, online shopping, games, blogs, entertainment and stocks.
Tax agency officials could not be immediately reached for comment. (Yonhap News)