Kim Seon-Ho APOLOGISES For Tax Evasion Under One-Person Company, Fantagio Says Actor 'Deeply Reflecting' - FULL Statement

Kim Seon-Ho has apologised with regard to his one-person corporation controversy that has hit the Can This Love Be Translated? actor for the past few days. The 39-year-old actor, who faced similar allegations

on the line of his labelmate Cha Eun-Woo for running a paper company under his family's name, has now issued a statement through his agency Fantagio. It comes a day after the scandal almost got confirmed that Kim was indeed involved in tax evasion after his income came under scanner for receiving settlement payments through a fake company called SH Do, established in January 2024 while under his previous agency.

Kim Seon-Ho receives settlement payment

On Tuesday, it was reported that the settlement money through a family corporation is now being categorised under "tax laundering." This means that if his income is recorded as personal income, he needs to pay an income tax of up to 49.5 percent. And in case he takes it as corporate income, he is entitled to a corporate tax benefit of up to 19 percent. Fantagio, which had initially denied the claims, has now reacted on behalf of their client Kim.

Actor apologises for tax evasion

On February 4, Korean media reported that Fantagio released an official statement regarding Kim Seon-Ho and apologised for the controversy surrounding his one-man corporation.Kim's case comes up days after Cha Eun-Woo, who's currently serving his mandatory military term, came under investigation by the National Tax Service for allegedly evading taxes amounting to 20 billion KRW (about $13.7 million), in what is being called "the largest tax retroactive charge ever imposed on an individual entertainer in South Korea."

Fantagio's full statement regarding Kim Seon-Ho

Hello. This is Kim Seon Ho’s agency Fantagio.We would like to provide additional factual details and our position regarding Kim Seon Ho’s one-person corporation, which has recently been reported in the media.

• Establishment and operation of the corporation

Kim Seon Ho established a corporation in January 2024 for his acting activities and for theater production. From the time the corporation was established in January 2024 until before his new contract with Fantagio began in February 2025, settlement payments for his activities during that period were received through that corporation.

• Suspension of corporate operations

After recognizing that the operation of the corporation itself could lead to misunderstandings, Kim Seon Ho halted its operation. For more than the past year, there has been virtually no activity conducted through the corporation in any practical sense.

• Contract with Fantagio

From the date the exclusive contract between Fantagio and Kim Seon Ho was signed in February 2025 up to the present, we have been making settlement payments directly to the actor as an individual. We clearly state that, in the process of contracting between Fantagio and Kim Seon Ho and in relation to his activities, the corporation has no connection whatsoever.

• Corporate closure procedures

As a preemptive measure to correct the way the corporation was operated at the time—something he was unaware of—Kim Seon Ho returned all past items including the corporation’s card usage records, family salary payments, and the corporate vehicle. Regarding the amounts previously settled through the corporation, he has completed additional payment of personal income tax, on top of the corporate tax that had already been paid. He is currently proceeding with the procedures to close the corporation, and the administrative process is expected to be finalized soon.Kim Seon Ho is deeply reflecting on the fact that he established and maintained the corporation for about a year while lacking sufficient understanding of how corporate operation works. He sincerely bows his head in apology.We also apologize for causing confusion and concern, and we will do our utmost to ensure more thorough management of all aspects of our artists’ activities going forward.Thank you.