2023-06-28 06:38:00
Initiated simultaneous tax investigations such as Megastudy and Jongno Academy
An official from a large admissions company “unusual for simultaneous tax investigations”
(Seoul=News1) Reporters Lee Ho-seung, Lee Cheol, Seo Han-saem, and Nam Hae-in | 2023-06-28 15:38 Send
Share Reduce/Enlarge Print On the 22nd, a private academy in Mok-dong, Yangcheon-gu, Seoul. 2023.6.22/News1 © News1 Reporter Shin Woong-soo
On the 28th, the tax authorities started a tax investigation on large college entrance exam companies.
According to the admissions industry and tax authorities, the National Tax Service launched a tax investigation on some large entrance exam companies from the morning of the same day.
It has been confirmed that the National Tax Service is conducting a tax investigation on Jongno Academy as well as Megastudy, which ranks first in the admissions industry, from the morning of the same day.
An official from Jongno Academy said in a phone call with News 1 that day, “National Tax Service investigators have been conducting tax investigations since the morning.”
An official from the National Tax Service said, “We cannot confirm individual cases.”
Some predicted that the government would conduct a tax investigation on large college entrance exam companies in parallel with the government’s announcement of measures to reduce private education expenses.
As President Yoon Seok-yeol mentioned the ‘cartel of interest’ in the education authorities and the private education market, it is expected that intensive sanctions, such as tax investigations targeting large college entrance exam companies, will be inevitable.
There is a possibility that this tax investigation targeting large college entrance exam companies will be expanded to medium-sized college entrance exam companies.
An official from a large admissions company said, “I expected that the Ministry of Education would come out in the form of a joint inspection, but I did not think that a tax investigation would begin.”
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