Actor Kim Seon-ho has strongly denied the recent allegations of tax evasion through the operation of a one-person family corporation via his agency. The agency clarified that the corporation was established solely for theatrical activities and that there was no intent for intentional tax avoidance.
On February 1, the agency Fantagio refuted the reports regarding Kim Seon-ho's operation of a one-person corporation, stating that they are faithfully complying with tax procedures. In particular, Kim Seon-ho is currently active under an exclusive contract with Fantagio and emphasized that no legal issues have arisen during this process.
"Only for Theatrical Production Purposes... Currently in the Process of Closing"
The agency also provided a detailed explanation regarding the nature of the controversial one-person corporation. They stated, "The corporation was established for theatrical production and related activities," and added, "It is not a paper company created for intentional tax avoidance or evasion." They further noted, "Since about a year ago, actual business activities have been suspended, and we are currently in the process of closing in accordance with relevant laws."
Previously, some media outlets raised suspicions that Kim Seon-ho established a corporation under the name of a performance planning company at his home address and registered his parents as executives to pay salaries or misuse corporate cards for personal use. They also questioned the timing of the corporation's establishment in relation to the re-contracting with his former agency.
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This matter has garnered more attention as it coincides with the case of fellow agency actor Cha Eun-woo. Cha Eun-woo is also under investigation for tax evasion through a corporation represented by his mother and has expressed remorse regarding the situation. As Kim Seon-ho enjoys a second peak of popularity with the Netflix series 'Can This Love Be Translated?', the industry is watching closely to see how this controversy will affect him.
Fantagio stated, "We are currently verifying the facts in accordance with the procedures of the tax authorities, and we will take responsible actions once the legal judgment becomes clear."
[Below is the full official statement from Fantagio regarding Kim Seon-ho]
Hello.
We are Fantagio, the agency of actor Kim Seon-ho.
We are officially stating our position regarding the reports raised today about Kim Seon-ho's operation of a one-person corporation.
Currently, Kim Seon-ho is active under an exclusive contract with Fantagio in his personal name, and he is faithfully complying with legal and tax procedures related to his current contract and activities.
We clearly state that there are no issues regarding the contract and activities between Kim Seon-ho and Fantagio.
The past one-person corporation mentioned in the reports was established for theatrical production and related activities, and it was absolutely not established for intentional tax avoidance or evasion. However, since transferring to Fantagio, actual business activities have not been conducted for over a year, and we are currently in the process of closing in accordance with relevant laws and procedures.
We will continue to comply with all laws and procedures in all activities and will do our best to ensure that the actor's activities can continue without unnecessary misunderstandings.
Thank you.
Best regards, Fantagio
