Ruler 🇰🇷 adresses the tax evasion situation:
Hello, this is Ruler.
I am sorry for causing concern to fans because of the recent reports related to taxes. I wanted to address this matter personally.
The first thing I want to say is that I did not intentionally hide or conceal any income. However, two issues arose in the course of managing my assets, and I would like to explain them directly.
Starting in 2018, my father quit his job and took on a full-time role supporting me and handling manager-type responsibilities.
This was before the certified agent system was introduced, and from my trainee days onward, he was effectively in charge of agent-like duties such as coordinating schedules outside of matches, handling team contracts, and matters related to university admissions.
We applied the labor costs for those activities as necessary business expenses, but the National Tax Service did not recognize those as deductible expenses. My father is also taking this situation very seriously. I respect the tax authority’s judgment.
As for the stock nominee trust issue, it was not done for the purpose of gifting assets or evading taxes. Because I lacked experience in asset management, I had asked my father to manage them for me, but that too was my mistake.
The related gift tax has been paid in full, and all of those shares have now been transferred back into my own name. I respect the tax authority’s judgment.
Some reports are mentioning my case alongside other examples, but I never attempted to split income or hide assets. This matter arose solely from carelessness in the process of managing personal assets for which all income tax had already been fully paid.
That said, I will take full responsibility for this matter. I will cooperate sincerely with the league’s review regarding any LCK-related issues. Going forward, I will manage all aspects of my assets in a more transparent and thorough manner.
I am sorry.
via Ruler's instagram
Translation: u/Yujin-Ha
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