Hong Kong-based company denies SM founder Lee's suspected tax evasion
| Published date | 28 February 2023 |
| Publication title | The Korea Times |
A Hong Kong-based music production company known to be owned by SM Entertainment founder Lee Soo-man refuted suspicions Wednesday that he has engaged in offshore tax avoidance through the company.
"CT Planning and Lee Soo-man have strictly observed the laws of local and related countries since the company's foundation and paid all taxes, contrary to the false accusation by some people," Kim Han-koo, CEO of the Hong Kong-based company, said in a statement.
He threatened to take legal measures against all those who spread the accusation online.
The statement came six days after Lee Sung-soo, co-CEO...
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