[All] Kim Seon-ho denies tax evasion allegations?! Similar to Cha Eun-woo, one-person corporation, agency, family, Fantagio, and moving company.

We summarize the controversy surrounding Kim Seon-ho's family corporation and tax evasion allegations.

We will summarize the key points, including Fantagio's official position, suspicions of parental salary refunds and corporate card use, and differences from Cha Eun-woo's case.

 

 

1. Why did Kim Seon-ho's tax evasion allegations surface?

 

Recently, suspicions of tax evasion surrounding actor Kim Seon-ho's family corporation have been spreading online and in online communities.

Following the issue of Cha Eun-woo being slapped with a 20 billion won tax levy, the tax controversy surrounding another actor from the same agency continued.

The impact of the incident has grown even larger.

The core of this controversy focuses on the 'method of using funds in the operation of a one-person family corporation.'

 

 

2. Circumstances surrounding the establishment of the family corporation and the raised suspicions

 

According to reports, Kim Seon-ho will die in January 2024.

It has been reported that a corporation was established in the name of a performance planning company at the address of his home in Yongsan-gu, Seoul.

The parents were listed as internal directors and auditors of the corporation.

There were suspicions that the salary paid to parents was refunded and that living expenses and entertainment expenses were paid with a corporate card.

There are also claims that the company used the vehicle for personal use and deducted the expenses.

There is continued speculation that this is for the purpose of reducing corporate tax.

 

 

 

3. Fantagio's Official Statement: What Did They Explain?

Kim Seon-ho's agency, Fantagio, released an official statement immediately after the allegations were raised.

“There is absolutely no intention of tax evasion or tax avoidance,” he said.

The corporation in question was a one-man corporation for the production of plays in the past.

After the transfer to Fantagio, actual business activities were halted and the company is currently in the process of closing down.

However, there is no direct explanation of specific circumstances such as salary refunds or corporate card usage details.

There are also criticisms that the explanation is not sufficient.

 

• Fantagio's official statement

hello. This is Fantagio, actor Kim Seon-ho's agency.   Kim Seon-ho's case raised through today's report We are revealing our official position on matters related to the operation of a one-person corporation.   Currently, Kim Seon-ho is active under an exclusive contract with Fantagio in his own name. We are diligently complying with legal and tax procedures related to our current contractual relationships and activities.   Regarding Kim Seon-ho's contract and activities with his agency Fantagio, Let me be clear that there are no problems whatsoever.   The former one-person corporation mentioned in the report was established for the purpose of theater production and theater-related activities. It is absolutely not a corporation established for the purpose of intentional tax evasion or tax avoidance. However, actual business activities have not been carried out for about a year since the transfer to Fantagio. We are currently in the process of closing down our business in accordance with relevant laws and procedures.   We will continue to comply with relevant laws and procedures in all our activities. I will do my best to ensure that the actor's activities can continue without unnecessary misunderstandings.   thank you   Fantagio Dream

 

 

4. Parental Salary and Corporate Card Use: The Issues Here

 

The biggest issue in this controversy is whether it is for private use.
If it is confirmed that the structure in which parental benefits were formally paid and then refunded is true,

There is an interpretation that this could lead to tax savings through processing labor costs.

There were also reports that corporate cards were used to pay for cigarettes and entertainment establishments.

It is being criticized for not matching the explanation of the purpose of the play production.

 

 

5. Connection to the Cha Eun-woo case and Fantagio risk

 

In a situation where Cha Eun-woo, who is from the same agency, is recently embroiled in an issue of tax surcharge of 20 billion won, suspicions about Kim Seon-ho are also added,

Questions are also being raised about Fantagio's overall tax management system.

Fantagio is drawing a line, saying, “The current contract with Kim Seon-ho’s corporation is unrelated.”

It seems inevitable that the agency's credibility will be damaged by the series of controversies that have erupted.

Whether this matter will be resolved as a personal matter,

Whether this will expand into a structural problem at the agency level will depend on future clarification.

 

 

 

FAQ

Q1. Has the suspicion of Kim Seon-ho's tax evasion been confirmed to be true?
It is still at the suspicion stage, and the agency is completely denying any intentional tax evasion.

 

Q2. Is a one-person corporation a structure that is advantageous for tax evasion?

Although the corporation itself is legal, if private use of funds is confirmed, it could become a tax evasion issue.

 

Q3. Why is payment of parental benefits an issue?
If wages are paid or refunded without actual work being performed, it may be considered fictitious labor costs.

 

Q4. Is there a direct connection to the Cha Eun-woo incident?
Although there is no direct connection, the tax management controversy is being discussed together as they are under the same agency.

 

 

 

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