South Korean prosecutors raid, LG or suspected tax evasion

China News Service, May 9th According to foreign media reports, the South Korean prosecutor’s office said on the 9th that the South Korean prosecutors raided the headquarters of LG Group, which is part of the investigation and control of the family members of the group on suspicion of tax evasion.

The Seoul Central District Prosecutor's Office stated that the prosecutor is investigating that the capital gains tax related to the transfer of shares of LG-affiliated companies may be evaded, amounting to approximately 10 billion won.

A spokesman for the group's holding company LG Corp did not immediately comment.

According to the ranking of assets, LG Group is Korea's fourth largest enterprise group.

"Chinese News Network" Original link http://www.chinanews.com/gj/2018/05-09/8509612.shtml
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