Most Popular
-
1
Dongduk Women’s University halts coeducation talks
-
2
Defense ministry denies special treatment for BTS’ V amid phone use allegations
-
3
Russia sent 'anti-air' missiles to Pyongyang, Yoon's aide says
-
4
OpenAI in talks with Samsung to power AI features, report says
-
5
Two jailed for forcing disabled teens into prostitution
-
6
Trump picks ex-N. Korea policy official as his principal deputy national security adviser
-
7
South Korean military plans to launch new division for future warfare
-
8
Gold bars and cash bundles; authorities confiscate millions from tax dodgers
-
9
Kia EV9 GT marks world debut at LA Motor Show
-
10
Teen smoking, drinking decline, while mental health, dietary habits worsen
[THE INVESTOR] South Korean lawmakers will grill CEOs of four tobacco companies operating in the country regarding their suspected tax evasion during a parliamentary audit this week, industry sources said on Oct. 11.
South Korea‘s sole tobacco maker KT&G, Philip Morris Korea, British American Tobacco Korea and Japan Tobacco International are suspected of dodging taxes on huge profits from a tobacco price hike last year.
According to the sources, the National Assembly’s safety and administration committee has summoned the CEOs -- Baek Bok-in of KT&G, Chong Il-woo of Philip Morris Korea, Tony Hayward of BAT Korea and Steve R. Dyer -- as witnesses over the alleged tax evasion during the audit on Oct. 12.
It will mark the first time for the CEOs of the four cigarette companies to testify simultaneously at a parliamentary audit. Of the four, Chong and Hayward will also appear for the Oct. 13 audit by the Assembly’s planning and finance committee.
(theinvestor@heraldcorp.com)
South Korea‘s sole tobacco maker KT&G, Philip Morris Korea, British American Tobacco Korea and Japan Tobacco International are suspected of dodging taxes on huge profits from a tobacco price hike last year.
According to the sources, the National Assembly’s safety and administration committee has summoned the CEOs -- Baek Bok-in of KT&G, Chong Il-woo of Philip Morris Korea, Tony Hayward of BAT Korea and Steve R. Dyer -- as witnesses over the alleged tax evasion during the audit on Oct. 12.
It will mark the first time for the CEOs of the four cigarette companies to testify simultaneously at a parliamentary audit. Of the four, Chong and Hayward will also appear for the Oct. 13 audit by the Assembly’s planning and finance committee.
(theinvestor@heraldcorp.com)
