The Korean Operator Paradise Group Will Be Tax Checked

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September 22, 2022
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Paradise Group

November 6 seoul regional tax office initiated a tax audit regarding the paradise group, guiding casino and hotels. Includes accounting collection at paradise group headquarters.

Tax administration reported that the company was under close attention since 2017 with respect to 38 suspects in tax evasion: illegal assignment of corporate funds, money launing and fraud, etc..
For paradise, it can cause additional difficulties against the reduction of income due to a new coronavirus infection. Paradise group manages 4 casinos for foreigners only, including seoul, incheon, busan and jeju. His share accounts for 56.5% of the market of such institutions.

Due to the fact that the volume of revolutions dropped sharply, the company was forced to reducing states: 20% of the group’s leaders were retired, employees received paid and unpaid leave, and some jobs were temporarily closed.

Source: edition mirae business

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