Business SK Group's “V Project” scandal spreads, facing investigations
By Diplomacy Journal Lee Jon-young SK Group's so-called “V Project” has become the subject of simultaneous investigations by the National Tax Service (NTS), police, and prosecutors, facing unprecedented legal risks. The core of the investigation centers on allegations that SK Telecom entered into a contract with its IT subsidiary SK C&C (now SK Inc. C&C) for services that were never actually performed, then transferred funds. This is suspected to have been used to artificially inflate revenue, evade taxes, and as a means to reorganize the group's corporate structure. The NTS conducted