
Veteran tax investigator Ahn Duk-su has been nominated to head the National Tax Service.
Ahn Duk-su, a 55-year-old veteran tax investigator and head of the Seoul Regional Office, has been nominated to lead South Korea's National Tax Service.
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Ahn Duk-su has built a decadeslong career in tax administration since passing the civil service exam in 1996.
Ahn Duk-su, tapped to lead South Korea's National Tax Service (NTS) on Friday, is widely regarded as a veteran tax investigator with extensive experience in tax administration and protecting taxpayers' rights.
Ahn, 55, began his career in public service after passing the national civil service examination in 1996 and has since built a decadeslong career in tax administration, according to the presidential office.
He has headed the NTS' Seoul Regional Office since July. Until June 2021, he oversaw tax investigations into companies suspected of tax evasion for several years.
During his tenure as head of the NTS' Investigation Bureau, Ahn was recognized for cracking down on tax evasions that involved stock market manipulation and other unfair trading practices that hurt retail investors.
He also ordered intensive tax probes into practices involving tax evasion that harmed ordinary citizens, as well as real estate-related tax dodging.
Known for his gentle demeanor but firm principles, Ahn hails from the southeastern port city of Busan and studied economics at Korea University.

Following the plunge in the domestic stock market, the Democratic Party of Korea held an emergency meeting at the National Assembly and requested financial authorities to protect individual investors and take strict action against unfair transactions. The party and government announced that they would deploy all available policy means to stabilize the market.

In the aftermath of the U.S. Democratic Party's landslide victory in the midterm elections and concerns about AI regulation, Taiwan's stock index plunged 4.51%, dropping to the 40,000 mark, and semiconductor stocks such as TSMC fell significantly.

Minister of Employment and Labor Kim Young-hoon and Financial Supervisory Service Commissioner Lee Chan-jin held a meeting with representatives of major financial companies at the Royal Hotel in Jung-gu, Seoul on the 6th and discussed ways to strengthen retirement pension functions, such as mandating external accumulation of retirement benefits and revitalizing fund-type retirement pensions.

CJ CGV recorded an operating profit of KRW 73.6 billion, the highest ever on a quarterly basis, thanks to its domestic business turning into a surplus in the third quarter of this year and the popularity of special theaters.

Samyang Foods reported a record third-quarter operating profit of 196.2 billion won, jumping 49.9 percent on-year, driven by strong international Buldak sales in the US and China.

Asian stock markets plummeted on the 6th in the aftermath of the selloff of AI-related stocks in the New York Stock Exchange. Nikkei fell 6.0%, Taiwan's Jiquan fell 3.8%, and KOSPI plunged 8.8% during the day, falling 5.1% after the circuit breaker was activated. Concerns about strengthening AI regulations following the Democratic Party's landslide victory in the U.S. midterm elections and liquidation of leverage increased the decline.