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The Korean National Tax Service is demanding the collection of approximately 22.6 billion won in taxes from Upbit operator Dunamu.
According to a report by Golden Finance, on the 17th, the operator of Upbit, Dunamu, announced that it has been assessed an additional tax of 22.635 billion won, including corporate tax, following a tax investigation by the Seoul Regional Tax Office. The International Transaction Investigation Bureau of the Seoul Regional Tax Office launched a tax investigation into Dunamu in February this year. The announcement stated that the National Tax Service notified the collection on June 30, and Dunamu has already paid this tax. This supplementary tax of 22.635 billion KRW accounts for about 23% of Dunamu's net profit for the second quarter (approximately 97.6 billion KRW). In addition, Dunamu is involved in a lawsuit with financial regulators. The Financial Intelligence Unit (FIU) notified Dunamu in February of a penalty involving a "partial business suspension for 3 months," and issued an "accountability warning" to the company's CEO, Lee Seo-woo, as well as terminating the compliance officer and 9 other employees.