JoongAng Ilbo President Hong Indicted

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JoongAng Ilbo President Hong Indicted

Prosecutors have indicted the president and publisher of JoongAng Ilbo and the largest shareholder of the Bokwang Group, Hong Seok-hyun, on suspicion of evading 2.52 billion won in taxes and taking 620 million won in rebates from a construction company on October 18.
The prosecution said, 'No other suspcion has been added to the allegations that were announced when Hong was formally arrested on October 2, except for an increase of 180 million won in the amount of tax evasion due to the progressive tax rates.'
The prosecution has found no evidence of guilt on the suspicion of embezzling funds which the Office of the National Tax Administration had earlier indicated.
Kang Joo-an : jooan@joongang.co.kr
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