“Is Kim Ji Won’s multi-million dollar real estate purchase a strategic move to evade taxes?” This question has been buzzing around the internet, causing a stir among netizens.
Actress Kim Ji Won, known for her hardworking image and a career spanning nearly 14 years, recently made headlines for her real estate investment. She purchased a building in Gangnam for ₩6.30 billion KRW (about $4.57 million USD) in 2021. The building, boasting a prime location near Gangnam-gu Office Station, has one basement and five above-ground floors.
However, the purchase raised eyebrows when it was revealed that it was made through “Jiwon Entertainment Co, Ltd,” a company where Kim Ji Won is the sole representative and employee. This led to accusations from netizens that she had set up a paper company for the purchase, potentially to evade taxes.
Companies can be exempted from real estate tax waivers for commercial use if they make their purchase five years after the company was set up. Netizens found that Kim Ji Won set up Jiwon Entertainment in March 2016, and made her building purchase five years later in June 2021, leading to suspicions of tax evasion.
On April 19, 2024, her agency High Zium Studio responded to the controversy, stating that “it is hard to confirm as this is the artist’s personal matters.” This statement has not sat well with netizens, who have been critical of the star.
Netizen comments. | theqoo
If celebrities make their fortune through popularity with the public, can’t they stay away from real estate investments? They’re already so rich, while the regular folk have to slave away due to rising land prices.
She’s in the wrong if a paper company was involved. Even if she’s not making any profits now, she could in the future. Her intentions from the start weren’t pure. Hyeri was in the wrong for this too.
It’s so different from her image, ah.
I’ve never cursed at someone for this reason before, but if she tried to evade taxes that way, then it’s a true problem. It’s not the matter of if she’s earning profits or not from the purchase and sales prices. It’s right that people have a problem with how she set up a company for such reasons. It’s so funny how people are trying to differentiate between kind paper companies and evil ones.
I’m curious, who are the top stars who don’t invest.
It’s the same case, but Kim Ji Won is getting cursed out, while Hyeri isn’t?
It’s a paper company?
People are just jealous I guess.
It’s funny how people are saying she didn’t do anything wrong because she hasn’t made money from sales yet. Then is she using the building for any business now? LOL. She’s waiting on the right time to sell the building for the most she can. It’s just a difference of if her investment is successful or not. It’s true that she bought it in the end to make a profit of sales.
Netizens have voiced their opinions on the matter, with comments ranging from criticism of celebrities investing in real estate to questioning the intentions behind setting up a paper company. Some have compared her case to Hyeri’s, while others have defended her, attributing the backlash to jealousy.
Kim Ji Won previously built up a positive image of a hard worker. She has been in the industry for close to 14 years now. She made her debut through High Kick Through The Roof 3 after gaining popularity as BIG BANG’s CF partner for Lollipop phones.
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