Prosecutors look into Korindo Group owner's alleged tax evasion
Korindo group
Seoul - Yonhap
South Korea's state prosecutors said Sunday they are looking into the allegation that the head of Korindo Group, based in Indonesia, has evaded taxes.
The National Tax Service asked the prosecution in April to probe the suspicion that Seung Eun-ho and his two sons evaded more than 50 billion (US$47 million) of taxes on capital gains from share trading through a paper company in a tax haven and interest from other financial assets.
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