[Alpha Biz= Reporter Kim Jisun] OB beer was seized and searched on suspicion of tax evasion.
According to the industry on the 3rd, the Korea Customs Service raided the headquarters of OB Beer at ASEM Tower in Samseong-dong, Seoul, on charges of evading tariffs. The Korea Customs Service conducted a raid on the purchasing department in this regard.
The Korea Customs Service is conducting an investigation after finding circumstantial evidence that Oriental Brewery evaded tariffs in the process of importing malt, a raw material for beer. According to the industry, OB Beer has been charged an additional 90 billion won worth of tariffs by the Korea Customs Service. McArt allows liquor companies to receive as much as they set and receive tax benefits after obtaining approval from the Korea Customs Service. 30% will be applied to tax benefits and 269% will be applied to others.
OB Beer is accused of receiving malt exceeding a set quota through other importers. The Korea Customs Service is expected to wrap up its investigation and proceed with a prosecution complaint.
OB Beer is 100% owned by AB InBev, a global liquor company headquartered in Belgium, Europe.
Alphabiz Reporter Kim Jisun(stockmk2020@alphabiz.co.kr)
