8 October 2026

Cido boss pledges five ships to settle $277m Korean tax bill

Downunder Voices Newsroom

Source reporting: Splash247

Cido boss pledges five ships to settle $277m Korean tax bill

Cido Shipping founder Hyuk Kwon has pledged five overseas ships as collateral after agreeing to settle KRW393. 8bn ($277m) in personal tax arrears in South Korea, bringing a 15-year dispute with the country’s tax authorities towards a close. South Korea’s National Tax Service said Kwon has submitted a plan to clear the entire amount and already …

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Cido boss pledges five ships to settle $277m Korean tax bill

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EXCLUSIVE: CEO Moebel to Ceva leaders: ‘Clear pain points slow us down’ – three key goals

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