His agency responded quickly.
A new face emerged in the recent range of Korean celebrities that have been controlled and penalized for a possible tax evasion. Following When the phone rings star Yoo Yeon Seok AND Love lovers star Lee jon gi, Cho Jin Woong (Jo Jin Woong) has been informed of a heavy revaluation.
A Sport Khan Exclusive reported, on March 22, 2025 (KST), that The Soul Gangnam tax office conducted a tax audit on the famous actor K-Movie/K-Drama and imposed an additional tax invoice of approximately 1.10 billion KRW (about $ 750,000 USD).
Like Yoo Yeon Seok, Cho Jin Woong had set up a private company to report his earnings as company revenues and paid taxes on companies accordingly. The National Tax Service has established that, since the rate of the tax on the highest company is 24%, while the rate of personal income tax is 45%, this use of companies is a potential tax avoidance method.
In response, the direction of Cho Jin Woong, Saram Entertainmentdeclared, “Cho Jin Woong respects the decision of the tax authorities and promptly paid the entire amount of taxes imposed.” The actor, however, has filed an appeal since then.
The controversy derived from the differences in the interpretation of the fact that the earnings of Cho companies are personal income or not. The actors of the actor and the tax authorities disagree. Tairs on Cho Jin Woong companies have been adequately reported and paid according to standard tax procedures, but the authorities have decided to impose an additional income tax. This ruling differs from past tax practices and even experts have contrasting opinions on this topic. To look for a legal judgment, we carefully presented a petition to the tax court and the revision process is currently underway.
– Saram Entertainment
The management reassured Cho Jin Woong fans that the actor has “Always strive to fulfill his tax obligations” And that he “It is committed to adhere to all legal and procedural requirements in the future.”
In the meantime, K-Drama fans are disappointed, especially while Cho Jin Woong is destined to drive The second signala sequel to his 2016 success series, The signal.
- “Song Hye Kyo, Lee Honey (Lee has Nee), Yoo Yeon Seok and now Cho Jin Woong. I will remember these names.”
- “If the celebrities are moving away with things like this, politicians have to go much worse. But there is no single article of news about them, eh.”
- “Just pay your damned taxes.”
- “Celebrities that have not created companies are not stupid. Anyone can see that it is a escapade. Honest ones have not taken advantage of it and paid the taxes. But looking at us the peasants broke the attempt to defend these tax evading celebrities.”
- “So, in essence, all these actors have dodged enormous quantities of taxes by reporting their revenue as company revenues based on the guise of” tax saving strategies “, huh? How much are they doing to repay ₩ 1.10 billion of KRW (about $ 750,000 USD) so quickly? The rich should pay more taxes.”
- “Good for [the tax authorities]. “
- “Don’t forget Junho, Park Hee soon, Lee Joon Gi and Park Na Rae.”
More information on how tax scandals influence actors:
The next role of drama KK-Actor Yoo Yoo Yeon Seok beaten among the tax evasion charges
