After 'Suspicious of 20 Billion Tax Evasion', Cha Eun-woo Prevention Act is proposed to block tax evasion by entertainment agencies

*This content was translated by AI.

The so-called "Cha Eun-woo Prevention Act" will be promoted to prevent the opaque operation of entertainment agencies and the risk of tax evasion.

Rep. Jeong Yeon-ok, a member of the National Assembly's Culture, Sports and Tourism Committee, said on the 1st that he would propose an amendment to the Popular Culture and Arts Industry Development Act.

Lawmaker Chung said, "K-content is leading the global market, and the agency management system is still the same as it used to be," adding, "We can't leave an institutional hole where tax-free people do their planning business."

"This bill is the minimum device for fair order by increasing industrial transparency and accountability," he explained.

Representative Chung proposed an amendment that requires the registration and business status of entertainment planning companies to be reported to the Minister of Culture, Sports and Tourism every year. The intention is to manage the contents handled by local governments by requiring them to report them to the Ministry of Culture, Sports and Tourism.

According to lawmaker Chung, there are 6,140 registered pop culture and arts planning companies as of the end of last year. In 2021 alone, there were only 524 new registrations, but last year, the number increased to 907. Regarding this, he pointed out the problem with the management of the agency, saying, "It is the result of a single-person agency and a small company in the wind of K contents."

The reason for disqualification has also been strengthened. The current law restricts the planning of sex offenders and child abusers, but there are no restrictions on those punished for tax evasion. The amendment included those who were sentenced to more than a fine for violating the Tax Offender Penalty Act as reasons for disqualification. It includes restrictions on not only the representative of the agency but also those who work for the company.

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*This content was translated by AI.