Conversation

I’ve been in Singapore since last December - this is a personal decision and has long been planned. I’ve been open about being located in Singapore across multiple interviews and podcasts Shutting down a company just takes some time, and timing is purely coincidental

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FatMan

@FatManTerra

May 21

True! This is what I've been saying - nothing shady or scammy about wrapping up and moving out of Korea. The only thing you wanted to do is pay less taxes. And maybe eat better food? Chicken rice is great TBF. Very unlucky timing because it makes things look worse than they are.

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Do Kwon

@stablekwon

May 21

Korea has zero crypto taxes and cheaper cost of living - not a major factor in my decision

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FatMan

@FatManTerra

May 21

Are you not being pursued by the Korean tax authorities for over $78m in unpaid business taxes? Singapore has lower business taxes and zero capital gains tax. Your ex-dev also mentioned Korean tax officials were 'harassing' employees in your office. Come on now...

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Do Kwon

@stablekwon

May 21

We have no outstanding tax liabilities in Korea The NTS did conduct a tax audit across all the major crypto cos with a presence in Korea and applied Korean tax code to foreign mother companies, and every company ended up paying as a result - we paid in full Not unique to TFL

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FatMan

@FatManTerra

May 21

Very interesting - that's completely contrary to what the media says, but thank you for the information. It would be awesome if you could post more details/evidence of this at some point.

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Do Kwon

@stablekwon

May 21

Understand why this would be interesting to look at for gossip but not sure if its relevant to anything thats going on Korean govt needed money to shore up covid spending, creatively charged millions from crypto companies, and we paid our share in full - all there is to it