South Korea's National Tax Service Special Audit Of Korea Digital Exchange Concludes With Early Dismissal

SEOUL, South Korea--The Korea Digital Exchange (CEO Seok-jin Kim, hereinafter referred to as Flybit), the operator of the virtual asset exchange Flybit, announced on the 20th that it has received the notice of an early dismissal of the tax investigation from the National Tax Service.

The special tax audit was dismissed early without imposition. Flybit will continue to cooperate in good faith and transparency of its bookkeeping and accounting methods as stipulated by Korea’s National Tax Service in the provision of reliable accounting information.

Flybit Compliance Officer Oh Yohan said, “As Flybit has developed a compliance system, it plans to continuously practice tax payments in good faith through transparent accounting and tax process based on ethical management.”

Flybit regularly conducts external audits and tax adjustment through 'Dong-A Songgang Accounting Firm,' the world's third-largest Allinial member firm, and 'Anjin Accounting Firm', a large global accounting firm, to enhance corporate accounting and tax transparency.

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