Korean Prosecutors Launch Full Investigation into Do Kwon's Alleged Tax Evasion

Korean Prosecutors launch full investigation into Do Kwon's alleged tax evasion. Since June of last year, the National Tax Service discovered suspicious financial flows from an overseas company founded by Do Kwon and began a tax investigation. Subsequently, the NTA confirmed that Do Kwon transferred profits from his currency transactions from his Singapore company to the Virgin Islands and levied approximately 50 billion won in taxes, including his income tax and corporate tax.