The Korean National Tax Service is conducting a thorough tax investigation into coin operators who encouraged high-risk coin futures investments via private broadcasts and failed to report the referral income they earned from foreign exchanges. They have identified 105 suspected individuals involved in tax evasion, including 41 stock and coin reading room operators who exploited the ‘inspiration investment boom’ to attract small investors. One specific case, known as ‘B’, is a coin operator who promoted high-risk ‘coin futures’ investments through online broadcasts and enticed investors to sign up for foreign exchanges using his referral code, receiving a portion of their transaction fees as referral income, but failed to report this income. ‘B’ also concealed the evaded income by not acquiring property and living a lavish lifestyle, including paying high rent and leasing luxury foreign cars. The National Tax Service is committed to investigating these cases rigorously, particularly focusing on the failure to report referral fees.

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