Choo Shin-soo’s surprise gift… Watches around 20 million won, how much is the tax?

Swiss watch gift to Lee Taeyang, who gave up his uniform number 17

〈YONHAP PHOTO-4147〉 Shin-soo Choo presents a watch to Taeyang Lee (Busan = Yonhap News) Reporter Kang Deok-cheol = SSG Shin-soo Choo at the Sajik Stadium in Busan on the afternoon of the 11th gave his first greeting with the SSG squad, who ended their practice match with Lotte, and gave himself a uniform number '17. He presents a watch to Lee Tae-yang, who gave up'Bun'.  2021.3.11 kangdcc@yna.co.kr/2021-03-11 16:44:17/ 〈Copyright ⓒ 1980-2021 Yonhap News.  Unauthorized reproduction and redistribution are prohibited.〈YONHAP PHOTO-4147〉 Shin-soo Choo presents a watch to Taeyang Lee (Busan = Yonhap News) Reporter Kang Deok-cheol = SSG Shin-soo Choo at the Sajik Stadium in Busan on the afternoon of the 11th gave his first greeting with the SSG squad, who ended their practice match with Lotte, and gave himself a uniform number ’17. He presents a watch to Lee Tae-yang, who gave up’Bun’. 2021.3.11 [email protected]/2021-03-11 16:44:17/ 〈Copyright ⓒ 1980-2021 Yonhap News. Unauthorized reproduction and redistribution are prohibited.

Shin-soo Choo “I’m so grateful that I had already prepared before coming to Korea from the United States.”
Lee Taeyang “See you later. If I die, am I kicking or not.”

Choo Shin-soo joins SSG Landers. It was the watch that caught the most attention in the meeting with the team at the Sajik Stadium in Busan. It was a gift of a luxury watch to Lee Taeyang, who gave up his uniform number 17. Shin-soo Choo said, “I have been a player with number 17 since elementary school.” Lee Taeyang laughed broadly, saying, “I have to kick and die even when I die.”

This watch, which has become a hot topic, is a watch under the Swiss brand’Roger de Vue’. The watch that was cold while returning to Korea is the same brand, and Choo Shin-soo is also an ambassador. Roger V has maintained a special relationship with Choo Shin-soo enough to create the’Chu Edition’ (2016) for Choo Shin-soo for the first time in history. We also presented the 17th edition of the’Chu Edition’, which was released limited to 28 pieces, to Choo Shin-soo. ‘Equal number 17’ comes to mind.

When I asked the department store for the price of the watch I presented, it was 21.7 million won. Watches are quite expensive even when you buy them domestically, but you can’t ignore the tax if you bring them from abroad. The Korea Customs Service classifies watches exceeding 1.85 million won as luxury watches. When you bring these luxury watches from abroad, you have to pay individual consumption tax. First, I calculated it based on the domestic purchase price.

Estimated Tax Amount Calculation
(Purchase price-1,852,200 won) X 50% + 370,000 won = about 10,290,000 won

It is a watch with a price of over 20 million won, with an additional 10 million won in tax. If you voluntarily report, you can get a tax exemption of up to 150,000 won, so you have to pay about 10.14 million won. If you are caught for not paying taxes, a 40 to 60% penalty may be added to it.

I asked the club. “I didn’t have to pay taxes by picking a product in the US and then buying it in Korea.” More important than expensive gifts, Shinsoo Choo’s efforts to build teamwork gave strength to SSG Landers’ departure to’open a new history’.

Reporter Jeong Jaewoo [email protected]

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