National Tax Service Conducts Special Tax Audit on Bithumb Korea and Bithumb Holdings

[Asia Economy Sejong=Reporter Kim Hyewon] The National Tax Service (NTS) has launched a special (non-regular) tax audit on Bithumb Korea and Bithumb Holdings, which operate the cryptocurrency exchange 'Bithumb.'

According to industry sources on the 10th, the NTS visited Bithumb Korea and Bithumb Holdings in Gangnam-gu, Seoul, to conduct the investigation. The audit is reportedly being handled by the 4th Investigation Division of the Seoul Regional Tax Office. The 4th Investigation Division of the Seoul office is responsible for special tax audits rather than regular ones.

In 2018, the NTS also conducted a special tax audit on Bithumb Korea and imposed an additional income tax of around 80 billion won. During this investigation, the NTS is said to be examining domestic and international transactions of Bithumb Korea, Bithumb Holdings, and affiliated companies to verify any tax evasion.

There are also expectations that the investigation will check for any signs of tax evasion related to businessman Kang Jonghyun, who is suspected to be the actual owner of Bithumb and a key figure in an embezzlement case involving affiliated companies, as well as Kang’s younger sister Kang Jiyeon.

Kang Jonghyun recently attracted attention due to dating rumors with actress Park Minyoung. The prosecution recently summoned and investigated the Kang siblings on charges of embezzlement.

On the 13th, when the prices of cryptocurrencies such as Bitcoin showed a downward trend, a customer visiting the Bithumb Gangnam Customer Center in Seoul is receiving consultation. Photo by Mun Ho-nam munonam@

This content was produced with the assistance of AI translation services.