Gold&S: "Tax Office Investigation Unrelated to Current Management and Stock Manipulation Allegations, Strong Action Against Malicious Rumors"

On April 23, Gold&S stated, "The current investigation by the Seoul Regional Tax Office is not related to the current management and has no connection whatsoever to allegations of stock price manipulation," adding, "We are considering legal action against these baseless and malicious rumors."

Previously, a media outlet reported that Gold&S was undergoing a special tax investigation by the Seoul Regional Tax Office and that signs of tax evasion had been detected across its education business and investment activities.

Gold&S clarified, "This investigation is a comprehensive review of our business activities from 2019 to 2023," and explained, "It is not a tax audit targeting issues that arose after the current management took over."

The company also denied allegations of stock price manipulation. Gold&S stated, "There has been no identification of accounts under the company, the largest shareholder, or related parties, and there have been no requests for related materials from financial authorities or the stock exchange."

The company added, "Even when the Korea Exchange requested an inquiry disclosure in 2022, our internal review confirmed that we had no involvement in stock price manipulation, and we disclosed this to the market."

A company representative emphasized, "Recently, rumors not based on facts have been continuously spreading online, including on YouTube, causing serious damage to the company and its shareholders," and stated, "We plan to take strong action, including civil and criminal measures, against defamation and the dissemination of false information."