Art collector loses tax fight over Kusama “Pumpkin” sale
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Source: The Korea Herald
Published: 2026-04-20 15:12 UTC+10:00
Section: All News
Factuality Score: 100
Opinion Category: Neutral
Topics: Crime & Justice, Culture & Entertainment, South Korea, Law & Courts, Labour & Workers, Tax & Budget, World News, Business & Economy, Crime & Justice
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Snippet:
The Seoul Administrative Court ruled Monday that an art collector who earned about 4.5 billion won ($3.1 million) from the sale of a Yayoi Kusama “Pumpkin” sculpture must pay income tax on the proceeds as business income.
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