Lee Min Ho issues statement after being 'fined' millions for tax evasion

Korean megastar Lee Min Ho has issued a statement after the actor faced tax evasion allegations.

The actor’s agency MYM Entertainment cleared the air amid allegations that Lee Min Ho avoided paying taxes.

It was reported earlier by Aju News that the Seoul Regional Tax Service carried out a special tax investigation back in 2020 where he was imposed a fine of millions of dollars.

Refuting the claims, the agency stated: "The agency and Lee Min Ho have been paying taxes dutifully, and there has never been a single shameful incident."

Read the full statement below:

"Hello. This is MYM Entertainment.

"We would like to make this announcement to correct matters related to our agency and our agency’s artist.

"The agency and actor Lee Min Ho have been paying taxes dutifully, and there has never been a single unsavory incident.

"The current situation is an issue that arose due to a difference in interpretation of whether our artist’s previously dealt matter of 'compensation for damages caused by the use of illegal portrait rights' was subject to taxation or not, and it was about an additional tax that was determined due to an accounting error in the process of handling corporate expenses. With regard to this, we have dutifully paid. Thank you."