South Korea audits 50 firms over luxury corporate homes misused by owners' families

South Korea's tax agency has launched an audit of 50 companies suspected of misusing corporate-owned luxury properties. The firms allegedly allowed owners and their relatives to use these homes for personal benefit rather than business purposes. A prior review had already flagged widespread private use of such corporate residences. The current investigation has been expanded to cover overseas properties and children's educational expenses paid by companies. The probe reflects broader government concerns over tax evasion and violations of property regulations.