[Alpha Biz= Reporter Paul Lee] The issue of Kakao Mobility's accounting violation will be discussed for the first time at the Financial Services Commission today. Earlier, the Financial Supervisory Service submitted the agenda to the Financial Supervisory Commission under the Financial Services Commission, judging that Kakao Mobility intentionally inflated sales.

According to the financial authorities and the financial investment industry on the 4th, the Financial Services Commission will hold a meeting of the Supervisory Commission at 2 p.m. to discuss the issue of Kakao Mobility accounting violations.

Earlier, the FSS decided that Kakao Mobility's inflated sales of its franchise taxi business from 2020 was a violation of accounting and began monitoring it. Kakao Mobility received 20% of the fare from the transportation company as a fee while running a franchise taxi business and returned 15-17% of the fare to advertisements and data prices. After receiving 20% of the sales, Kakao Mobility will return it in the name of partnership, and the actual fee is around 3 to 5%.

The Financial Supervisory Service said only 3 to 5 percent of the fare should be regarded as sales under the net amount method, while Kakao Mobility applied the total amount method to count 20 percent as sales.

The Financial Supervisory Service is said to have applied the highest level of 'intentional first stage'.

 

 

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