Fantagio Releases Apology Over Recent Tax Controversies
Fantagio has released a formal statement and apology regarding recent tax controversies.
On 9th April, Fantagio posted the apology on its official website. Their statement is as follows:
This is Fantagio.
We sincerely apologise for causing concern due to the recent tax-related controversy involving our artists.
We view the matter not as an isolated incident but as a serious issue arising from shortcomings in the company’s management responsibilities.
As a company responsible for supporting and managing all aspects of our artists’ activities, we acknowledge and reflect on our failure to address this issue in advance, as well as gaps in our management process.
In response, Fantagio is conducting a thorough review of our internal management system and decision-making processes. We are also working on practical improvements, including strengthening pre-review procedures such as tax and legal checks.
We will cooperate with all related procedures and continue improving our internal control systems to prevent similar issues from occurring again.
As Fantagio is built on public trust, we will reflect deeply on this matter and implement responsible changes.
Thank you.
Previously, it was reported that Fantagio artist Cha Eun Woo was investigated last year on suspicion of tax evasion. The actor later addressed the issue and apologised on his personal Instagram. Earlier on 8th April, Cha Eun Woo personally apologised once more and confirmed full payment of taxes.
Meanwhile, Kim Seon Ho was also reported to have been operating a family-run production agency, raising allegations that he may have engaged in tax evasion through the corporation. At the time, the agency also released a statement clarifying the matter.
