{"id":11627,"date":"2020-11-09T22:36:42","date_gmt":"2020-11-09T22:36:42","guid":{"rendered":"https:\/\/focusgn.com\/asia-pacific\/?p=11627"},"modified":"2026-04-24T00:15:22","modified_gmt":"2026-04-24T03:15:22","slug":"paradise-co-under-tax-investigation","status":"publish","type":"post","link":"https:\/\/focusgn.com\/asia-pacific\/paradise-co-under-tax-investigation","title":{"rendered":"Paradise Co. under tax investigation"},"content":{"rendered":"\n<p>The operator of foreigner-only casinos in South Korea says it does not know why the National Tax Service is probing its finances.\u00a0\u00a0<\/p>\n\n\n\n<!--more-->\n\n\n\n<p>South\u00a0Korea.-\u00a0Casino operator Paradise Co. is under investigation by South Korea\u2019s National Tax Service.\u00a0<\/p>\n\n\n\n<p>Local news services have reported that authorities are investigating several offences, including embezzlement of corporate funds and tax evasion at 38 companies, including the casino operator.\u00a0\u00a0<\/p>\n\n\n\n<p>Paradise Co. confirmed to GGRAsia that the\u00a0investigation\u00a0is ongoing but said it is unaware of the reasons.\u00a0<\/p>\n\n\n\n<p>The company operates foreigner-only casinos in Seoul,\u00a0Jeju\u00a0Island, Incheon and Busan. In October, the firm reported a <strong><em><a rel=\"noreferrer noopener\" href=\"https:\/\/focusgn.com\/asia-pacific\/paradise-co-sees-monthly-improvement-in-sales\" target=\"_blank\">9 per cent monthly improvement<\/a><\/em><\/strong> in casino sales, although revenue remained 72.2 per cent below October 2019 levels.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>The operator of foreigner-only casinos in South Korea says it does not know why the National Tax Service is probing its finances.\u00a0\u00a0<\/p>\n","protected":false},"author":2,"featured_media":11629,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"is_press_release":false,"is_interview":false,"is_opinion":false,"focusai_summary":"South Korean casino operator Paradise Co. is currently under investigation by the National Tax Service for alleged corporate fund embezzlement and tax evasion, though the company states it is unaware of the specific reasons. This probe, part of a broader inquiry involving 38 companies, impacts an operator of foreigner-only casinos across key South Korean locations.","focusai_entities":"Paradise Co., National Tax Service, GGRAsia","focusai_location":"South Korea, Seoul, Jeju Island, Incheon, Busan","focusai_target_profile":"ceo_executive (0.9), regulator (0.95), compliance_legal (0.95), operator_casino (0.85), payments_fraud_aml (0.8), investor_analyst (0.95), supplier_vendor (0.7), journalist_researcher (0.9)","focusai_suggestions":[{"label":"Probe Scope","query":"What is the full scope of the National Tax Service's investigation, specifically regarding the alleged embezzlement and tax evasion, and how might it impact Paradise Co.'s B2C licensing status?"},{"label":"Financial Impact","query":"Beyond immediate fines, what are the potential long-term financial implications for Paradise Co., considering its current revenue performance relative to pre-pandemic levels?"}],"footnotes":""},"categories":[16338,439],"tags":[1705,152,2895],"class_list":["post-11627","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-east-asia-news","category-legal-news","tag-paradise-co","tag-south-korea","tag-taxes"],"_links":{"self":[{"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/posts\/11627","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/comments?post=11627"}],"version-history":[{"count":2,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/posts\/11627\/revisions"}],"predecessor-version":[{"id":11640,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/posts\/11627\/revisions\/11640"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/media\/11629"}],"wp:attachment":[{"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/media?parent=11627"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/categories?post=11627"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/tags?post=11627"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}