Not everyone is ready to face a sudden rise in fame and glory. The skyrocketing fame of “Queen of Tears,” has brought a significant spotlight in Kim Ji Won net worth. However, it seems that the stunning actress is not ready to face such an attention in her career. Instead, she is now facing various accusations of planning to avoid tax. So, what really happened and how did “Queen of Tears” actress Kim Ji Won ends up with tax evasion controversy simply because of her recent real estate purchase? Dive deep into the case in the following report.
“Queen of Tears” Kim Ji Won Faces Tax Evasion Controversy for Real Estate Purchase After Her Rising Net Worth
Following the rise of her popularity and net worth after “Queen of Tears,” Kim Ji Won had reportedly faced a planned tax evasion controversy for her real estate purchase.
On April 19, “Queen of Tears” actress Kim Ji Won gained attention for making a massive real estate purchase. She bought a high-demand building in Gangnam – Seoul, for 6.30 billion KRW (approximately 4.57 million USD). This news emerged after a real estate brokerage’s deputy manager confirmed that Kim Ji Won had previously signed the contract in June 2021.
The building consists of 1 basement floor, 5 floors above ground, with a prime location. The surrounding area is full with rentals and real estate with high quality and high demand.
However, what’s unexpected is that Kim Ji Won purchased the building under the name of “Jiwon Entertainment Co, Ltd.”
This company suddenly emerged and only has Kim Ji Won’s name as the CEO and its only staff. That is why the public began suspecting that Kim Ji Won is planning to evade tax since her net worth has skyrocketed.
Proof of Paper Company
Following the allegation, a post then went viral in Korean online community, showing alleged “evidence” of Kim Ji Won real estate tax evasion controversy.
According to the business registration evidence, Kim Ji Won set up “Jiwon Entertainment Co, Ltd.” In March 2016. Her name then appeared as the representative of Jiwon Entertainment, whose address located on the 4th and 5th floors of the building she purchased.
Due to this controversy, “Queen of Tears” actress Kim Ji Won faces massive criticism from the public. Some media even reported that this controversy has significantly stained her image.
- “Man, this really changes how I see her.”
- “Jiwon… I had no idea you were like that.”
- “Anyway, her maids will probably stick up for her no matter what.”
- “It’s just a shell company. Seems like all the celebs do it.”
- “I don’t get why everyone’s making such a big deal about it. She’s buying a building because she can afford it, that’s all.”
- “Going through the comments, it almost feels like a joke how some are defending her just because the building’s in use now. She’s only using the address for her company. If she’s the only employee, then the offices must be empty.”
- “It’s true, she started the company back in March 2016. If she waited five years to buy the building, she’d dodge the tax. She bought it in June 2021. Kim Ji Won has a management company but set up another one in her own name way beforehand, and only bought the building when she could skip out on the tax. Looks like everyone’s onto her game and they’re talking about it.”
As of today, there is no official statement from Kim Ji Won. The only remark her agency delivered was that it was all Kim Ji Won’s personal matter.
“We cannot confirm anything since this is the artist’s personal matter.”
Kim Ji Won’s agency, High Zium Studio.
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