tax agency launches investigation into sm entertainment
Last Updated : GMT 05:17:37
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Last Updated : GMT 05:17:37
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Tax agency launches investigation into SM Entertainment

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Emiratesvoice, emirates voice Tax agency launches investigation into SM Entertainment

Seoul - Yonhap

South Korea's tax office said Thursday it has launched an investigation into the country's largest entertainment agency amid rumors of offshore tax evasion by the company that manages some of the top K-pop celebrities. The National Tax Service (NTS) recently sent dozens of auditors to the headquarters of SM Entertainment located in Gangnam, southern Seoul, to secure accounting books and other financial records, according to the NTS and company officials.

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