Court rules probation on pharmaceutical company chairman for tax evasion

On the 29^th, the Seoul Central District Court ruled 2 years and 6 months of prison and 3 years of probation on a pharmaceutical company chairman for approximately KRW 3.6 billion tax evasion using stocks issued for a borrowed name under the special criminal laws on specific crimes for tax evaders.

The department of justice ruled “A situation where the chairman could not pay taxes to protect th...