South Korean prosecutors invaded LG Corp in Yeouido to carry out tax evasion checks. Prosecutors claim to have acted following a complaint filed with the National Tax Office of South Korea, and their main objective is to investigate the Department of Economic Activities the company's.
Members of the controlled Koo family are said to have transferred its shares companys with each other, but hid the transactions to avoid state taxation, according to prosecutors.
Thus the state is said to have suffered a loss of around 10 millions dollars from not paying taxes.
The Koo family is the largest shareholder of LG Corp, which is the parent company of many other companies such as LG Electronics and LG Display. The same family manages various subsidiaries of the group.
Koo Bon-moo, head of the family, who is chief executive and chairman of LG Corp, is not being controlled by prosecutors. LG for its part stated that there is a difference of opinion between the South Korean authorities on the payments of taxes but declined to comment further.
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Yes, but there is Korea. Is not Greece where judges, investigators and prosecutors accept as υπο submitters and guides some… law firms;)