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[AtoZ into Korean mind] Humor in Korea: Navigating the line between what's funny and not
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Yoon seeks rebound, taps 5-term lawmaker as chief of staff
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Medical standoff deepens as doctors reject new med school plan, talks
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[Exclusive] Korean military set to ban iPhones over 'security' concerns
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[Herald Interview] Why Toss invited hackers to penetrate its system
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[Graphic News] 77% of young Koreans still financially dependent
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S. Korean envoys convene to navigate strategy amid Middle East tensions
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Korean, Romanian leaders discuss defense tech, nuclear energy
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North Korea fires several short-range ballistic missiles into sea: JCS
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Samsung, SK hynix investors dump shares on Nvidia crash
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Prosecutors charged two LG Group executives Friday for helping its owning family dodge capital gains taxes. Fourteen family members, including the father of Chairman Koo Kwang-mo, were summarily indicted.
The executives, former and current financial team leaders, helped the owning family members evade 15.6 billion won ($14 million) in taxes when they sold off their stakes in LG International to LG Corp., the holding company of the nation's fourth-largest business group, the prosecution said.
The executives, former and current financial team leaders, helped the owning family members evade 15.6 billion won ($14 million) in taxes when they sold off their stakes in LG International to LG Corp., the holding company of the nation's fourth-largest business group, the prosecution said.
The executives are accused of disguising the sales as ordinary transactions, not transactions by the familiy members, which are subject to higher taxes.
The prosecution said the family members were not aware of the inappropriate deal but should take ethical responsibility. If convicted, they would face fines, at most. (Yonhap)
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