Popular South Korean MC Yoo Jae-suk recently underwent a rigorous tax investigation, despite being recognized as a property owner with a worth of approximately 20 billion KRW.
Reports reveal that the Seoul Tax Office found no discrepancies related to intentional tax evasion or omissions during their investigation. The thorough examination, conducted over June and July, confirmed that Yoo Jae-suk has been diligently filing his taxes without any issues. This investigation is a standard procedure for high-income celebrities, especially considering his significant earnings from property investments and appearance fees.
Last year, Yoo Jae-suk made headlines by purchasing land and buildings in the affluent Gangnam district, totaling around 20 billion KRW. He acquired 298.5㎡ of land and a 275.2㎡ building, worth 11.6 billion and 8.2 billion KRW respectively, with no outstanding loans, indicating a cash transaction. This notable acquisition coincided with the time he became a major shareholder in his agency, raising speculations about the potential for future development projects.
Officials confirmed that there were no suspicious activities linked to Yoo Jae-suk, highlighting that he could serve as a role model for others in the industry regarding tax compliance. Meanwhile, Yoo Jae-suk recently shifted from a long-term rental home to his own property, purchasing a penthouse apartment in the premium Brighton N40 complex for about 8.67 billion KRW. This luxurious residence features modern amenities and high-level security, further showcasing his impressive financial standing.