Park Yoo-chun to Fully Pay Off Crucial 400 Million KRW Back-Taxes by End of 2026

Singer and actor Park Yoo-chun has officially announced plans to clear his heavily criticized 400 million KRW tax debt before the end of the year, bringing a close to his long-running financial and legal troubles in South Korea. On July 6, 2026, the 40-year-old artist’s current Japanese management agency released an official statement, confirming that his major domestic lawsuits have successfully wrapped up and providing a clear timeline for his back-taxes.

Clearing Up Rumors

According to his current agency, Park Yoo-chun is currently adhering to a strict payment schedule authorized by the National Tax Service. Back in 2023, the singer’s name was placed on the government’s high-profile blacklist of long-term tax evaders for failing to pay five separate taxes, including capital gains taxes dating all the way back to 2016. The total debt amounted to approximately 400 million KRW (around $300,000 USD).

Addressing malicious online rumors claiming that the artist was continuing to ignore his financial duties, the agency clarified:

“Park Yoo-chun previously submitted an official monthly installment plan directly to the National Tax Service. Following a mutual agreement, he has been paying off the debt on time every single month. We expect him to complete 100% of his tax payments before the end of 2026, which will remove his name from the delinquent taxpayer registry.”

The company also shared a major breakthrough regarding his messy corporate battles, announcing that his 500 million KRW breach of contract lawsuit filed by his former Korean management agency has finally been legally settled and concluded through a mutual agreement.

A Heartfelt Apology to Fans: “Learning From Past Mistakes”

Through his agency, Park Yoo-chun issued a direct personal apology to the public, expressing deep regret for the endless controversies that have surrounded his name over the past decade:

“I want to lower my head and sincerely apologize for causing so much worry, discomfort, and disappointment to everyone regarding my long-running legal trials and tax debts in South Korea. I am deeply sorry.”

He added a reflective note about his personal growth: “I am constantly looking back at my past mistakes, deeply reflecting on my behavior, and learning valuable lessons about life. Although I am still very immature and lacking in many areas, I am doing my absolute best to treat the time given to me now with deep care and respect.”

Rebuilding a Career From Scratch Overseas

Park Yoo-chun’s career faced a complete collapse back in 2019 when he was indicted for illegal drug use. Despite holding an emergency press conference confidently declaring that he would “permanently retire from the entertainment industry if the drug allegations are true,” forensic testing proved he was guilty. He was subsequently sentenced to 10 months in prison with a two-year probation period.

Following a permanent ban from mainstream South Korean broadcasting networks, the artist shifted his entire career focus to Japan. Moving forward, the star is establishing a brand-new administrative system focused around his newly restructured official Japanese fanclub, “YUNIVERSE.” He is currently appearing on local television programs, including the Tokyo MX variety show Resident of Room 70, while his legal teams prepare strict prosecution strategies against malicious online slander to protect his new international activities.