Kim Seon-Ho Evaded Taxes Like ASTRO Cha Eun-Woo? Agency Denies SHOCKING Report That Accused Actor's Family-Run 'Paper Company'

Tax evasion allegations have reached the doorsteps of actor Kim Seon-Ho after reports surfaced that theCan This Love Be Translated star has been operating a private family-run corporation similar to ASTRO member Cha Eun-Woo, who is currently embroiled in a massive scandal. Seonho, is managed by the same company Fantagio, that also works with Eunwoo. Seonho's name coming up in a similar case of tax evasion has shocked many in the South Korean entertainment industry, including his huge fanbase that's seen a major upswing post the huge success of his recent Netflix show, also starring Go Youn-Jung. Cha Eun-Woo, who's fulfilling his mandatory military service, is currently drowned in a matter of evading taxes amounting to 20 billion KRW (about $13.7

million) and is under investigation by the National Tax Service.

Kim Seon-Ho's income comes under scanner

On February 1, Sports Kyunghyang reported that Kim Seon-Ho, who's signed with Fantagio, followed a pattern remarkably similar to his labelmate Cha Eun-Woo. It is alleged that the 39-year-old established a family-run corporation separate from the agency in January 2024, listing his own residence in Yongsan, Seoul, as the company address. The report further claimed that Seonho may have engaged in "tax-saving" practices through the corporation, and that the actor was the CEO, while his parents were named as internal directors and auditors.

About Seon-Ho's 'tax-saving' corporation

As per claims, Seonho's company lists performance planning as its business purpose. That's not all. It also enagges in advertising agency services, advertising media sales, media content creation, broadcast program production, distribution, and services, medical manufacturing, wholesale, retail, trade, and design. Its other functions include HR and service-related consulting, real estate sales, and leasing, among others. Despite holding entertainment-related businesses in its stated purposes, the company was not registered as a public entertainment and culture planning business.

Claims of Kim Seon-Ho's family business

The fact that Seonho's company is comprised of a board solely with his family members and no external professional management has brought it under scanner as to being designed to allow company funds to be flexibly managed within his family.The other red flags, as noted by whistleblowers, revolve around the operation of the entity. It states that Seonho used the company's bank account to pay tens of thousands of dollars in monthly salaries to his father and mother. The parents reportedly transferred the salaries back to Seonho's personal account every month. This practice is suspected of being fictitious labour costs. Infact, this father also used the corporate credit card for personal expenses. A luxury Genesis GV80 was also registered under the company's name to reduce taxes through expense processing.

Seonho reducing corporate tax liability?

Experts claim that the private use of corporate cards also comes under breach of trust or embezzlement. It is even an attempt to increase company expenses and classify them as deductible costs, thus reducing corporate tax liability. All these factors raise suspicion towards the entity being a paper company lacking a professional license and a real residential address for income distribution.

Fantagio denies tax evasion claims

Soon after the report surfaced, fantagio came forward and denied the accusation on Kim Seon-Ho. Here's the full statement of the company:"We would like to state our official position on the allegations raised in today's reports regarding Kim Seon Ho's one-man corporation operation. Currently, Kim Seon Ho is actively working under an exclusive contract with Fantagio in his own name, and is faithfully complying with legal and tax procedures related to his current contractual relationship and activities.We would like to make it clear that there are no issues whatsoever regarding Kim Seon Ho's contract or activities with Fantagio. The one-man corporation mentioned in the report was established for the purpose of theater production and theater-related activities, and was absolutely not established for the purpose of intentional tax evasion or avoidance.We will continue to comply with relevant laws and procedures in all future activities, and we will do our best to ensure that the actor's activities can continue without unnecessary misunderstandings."