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South Korean actor Kim Seon Ho has publicly addressed and rectified concerns over alleged tax avoidance tied to his use of a one-person corporation, confirming additional personal income tax payments and expressing regret over misunderstandings.
Representatives for Kim, managed by agency Fantagio, said in a statement Wednesday that the actor had established a corporate entity in January 2024 but did not fully grasp its operational and tax implications at the time. The company was originally formed to support his theatrical activities, the agency explained, but recently sparked public scrutiny after media reports suggested it may have been used to reduce tax liabilities.
According to the statement, Kim accepted payments from a former agency through the corporate entity before renewing his contract with Fantagio in February 2025. Upon recognizing the potential for misunderstanding and in an effort to correct the record, he voluntarily surrendered company assets including corporate credit cards, a family salary arrangement, and a corporate vehicle and has begun the process of dissolving the business.
Importantly, Kim has paid additional personal income tax on amounts previously received through the corporation, over and above taxes already settled at the corporate level. Fantagio stressed that no substantive business activity occurred within the corporate entity for more than a year, and that all subsequent earnings since his 2025 contract have been remitted directly as personal income.
“We recognize that the use of a one-person corporation without full understanding of tax and legal obligations may have caused concern,” the agency said, adding that the actor deeply regrets the situation and offers his sincere apologies.
The clarification follows growing public debate about tax compliance among high-profile entertainers in South Korea, where the entertainment industry has faced increased scrutiny from both media and tax authorities in recent years.
Source: (A)
Read also: Kim Seon-ho’s Agency Rejects Tax Evasion Claims, Says Personal Corporation Closing