Kim Jeong-kyu, chairman of Tire Bank, has confirmed a three-year prison sentence after withdrawing his appeal against charges of tax evasion amounting to approximately 8 billion won through fraudulent use of dealership names.
According to legal sources on August 10, Kim submitted a withdrawal of his appeal to the Supreme Court on June 22.
Earlier, on June 2, he was sentenced to three years in prison and fined 14.1 billion won in a retrial. He appealed to the Supreme Court a week later, on June 9, seeking a review of the decision.
However, shortly after the Supreme Court accepted the case, Kim withdrew his appeal, leading to the confirmation of the sentence from the retrial.
The prosecution did not appeal the retrial's outcome.
The vice chairman of Tire Bank, who was also indicted on similar charges and received a two-and-a-half-year prison sentence, also withdrew his appeal, confirming his sentence.
Kim was indicted in October 2017 for allegedly evading a total of 8 billion won in comprehensive income tax by disguising some Tire Bank dealerships as being operated by their owners, thereby underreporting cash sales and transaction details.
Following an administrative lawsuit, the amount of tax evasion was reduced to 3.9 billion won in the second trial. However, the Daejeon High Court sentenced Kim to three years in prison and a fine of 14.1 billion won in July of last year, leading to his immediate incarceration.
In January, the Supreme Court returned the case to the Daejeon High Court, stating that the statute of limitations had expired for part of the tax evasion amount.
In the retrial, the evaded amount was reduced to 3.15 billion won, but the reasons for Kim's appeal were rejected, and the sentence remained unchanged.
According to legal sources on August 10, Kim submitted a withdrawal of his appeal to the Supreme Court on June 22.
Earlier, on June 2, he was sentenced to three years in prison and fined 14.1 billion won in a retrial. He appealed to the Supreme Court a week later, on June 9, seeking a review of the decision.
However, shortly after the Supreme Court accepted the case, Kim withdrew his appeal, leading to the confirmation of the sentence from the retrial.
The prosecution did not appeal the retrial's outcome.
The vice chairman of Tire Bank, who was also indicted on similar charges and received a two-and-a-half-year prison sentence, also withdrew his appeal, confirming his sentence.
Kim was indicted in October 2017 for allegedly evading a total of 8 billion won in comprehensive income tax by disguising some Tire Bank dealerships as being operated by their owners, thereby underreporting cash sales and transaction details.
Following an administrative lawsuit, the amount of tax evasion was reduced to 3.9 billion won in the second trial. However, the Daejeon High Court sentenced Kim to three years in prison and a fine of 14.1 billion won in July of last year, leading to his immediate incarceration.
In January, the Supreme Court returned the case to the Daejeon High Court, stating that the statute of limitations had expired for part of the tax evasion amount.
In the retrial, the evaded amount was reduced to 3.15 billion won, but the reasons for Kim's appeal were rejected, and the sentence remained unchanged.
* This article has been translated by AI.
Copyright ⓒ Aju Press All rights reserved.