A famous entertainment agency has been fined for tax evasion.
According to the National Tax Service of South Korea, an entertainment agency gained a revenue of 7 billion KRW (6.2 million USD) from their artist's concert. However, the agency transferred the money to a paper company they established in Hong Kong to avoid paying taxes.
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The agency's illegal act has been caught by the National Tax Service of South Korea. The agency is now demanded to pay a total of 9 billion KRW (8 million USD) for the transferred revenue plus an additional 2 billion KRW (1.8 million USD) in fines.
Meanwhile, The National Tax Service of South Korea announced that several celebrities were also fined for tax evasion.
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