Choiand Hanjin’s former chief executive Cho Yong-min were said to be the foundersand leading shareholders in a 'paper company' Wide Gate Group Ltd by the KoreaCenter for Investigative Journalism.
TheHanjin duo are among seven high profile South Korea business leaders said to beusing offshore ventures in tax havens to minimise fiscal liability.
SouthKorea’s Yonhap News Agency says that although establishing companies intax free countries is “completely legal” the disclosure comes as at time when anotherleading conglomerate, CJ Group, originally a Samsung offshoot, is underinvestigation for possible tax fraud.
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