About 30 percent of foreign investors in South Korea are from tax haven countries, with their combined investment reaching 163 trillion won.
 
Citing data from the Korea Customs Service, Representative Park Kwang-on of the main opposition Minjoo Party of Korea said on Sunday that as of the end of August, there were about 42-thousand-700 corporate or individual foreign investors in South Korea, holding 533 trillion worth of Korean shares and bonds.
 
Of the foreign investors, at least 12-thousand-785 or 30 percent had citizenship of countries known as tax havens.
 
By the number of investors, the Cayman Islands ranked first with three-thousand-274, followed by Canada, Luxembourg, Ireland, Hong Kong, the British Virgin Islands, Singapore, Switzerland, Bermuda, the Netherlands and the Bahamas.
 
In 2011, the Korea Customs Service classified 62 countries as tax havens, which exempt foreign investors who hold bank accounts or set up companies within its territory from paying taxes.