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[THE INVESTOR] The National Tax Service will collect an additional 3.4 billion won (US$3.04 million) in taxes from YG Entertainment, closing a three-month regular tax audit, according to media reports Aug. 23.
Tax authorities have imposed penalties on corporate tax evasion found in the process of the leading entertainment company’s business expansion and establishment of overseas subsidiaries.
The company has already paid in full, according to a company official.
Tax authorities have imposed penalties on corporate tax evasion found in the process of the leading entertainment company’s business expansion and establishment of overseas subsidiaries.
The company has already paid in full, according to a company official.
It had been eight years since YG Entertainment, whose artists include Big Bang, PSY and 2NE1, had undergone a tax audit where it paid 2.8 billion won for the embezzlement of an employee and omitting income.
By Hwang You-mee (glamazon@heraldcorp.com)
