Air Transport World

Embattled Korean Air.(fined for tax evasion)(Brief Article)(Statistical Data Included)

Embattled Korean Air and controlling shareholders the Cho family have been fined a record 541.6 billion won ($450 million) for tax evasion with tax officials saying they also are seeking judicial punishment. South Korea's National Tax Administration said KAL parent Hanjin Group and the Chos avoided paying more than 1 trillion won in taxes and illegally took foreign exchange out of the country. …

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