National Tax Service Conducts Tax Investigation on 41 Companies Including Baemin on Suspicion of Tax Evasion Fueling Price Instability
4 Articles
4 Articles
Woowa Brothers, the operator of Korea's No. 1 delivery app "Baedal Minjok," surpassed 5 trillion won in revenue last year, with operating profit approaching 600 billion won. Woowa Brothers did not pay direct dividends to its parent company last year. Instead, it appears the company transferred cash to the parent by purchasing and canceling 490 billion won worth of treasury shares held by its Singapore-based holding company, Woowa DH Asia. The Na…
(Sejong=Yonhap News) Reporter Lee Dae-hee = Ahead of the Chuseok holiday, the National Tax Service has detected suspected tax evasion by a total of 41 companies, focusing on food-related businesses such as Baedal Minjok, and tax...
The owner of a meat-based restaurant franchise, who shifted the burden of meal costs onto franchisees and consumers under the pretext of rising raw material prices, enjoyed a luxurious lifestyle driving three supercars worth hundreds of millions of won under the corporate name. A major delivery platform that passed on the costs of cutthroat competition to its vendors is suspected of siphoning off hundreds of billions of won in taxes to a foreign…
The National Tax Service is launching a tax investigation into a delivery platform that unfairly transferred over 1 trillion won in domestic profits to a foreign controlling shareholder without incurring tax burdens.
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