South Korea > Tax
Kim & Chang’s practice is led by Woo Hyun Baik. It is ‘uniquely experienced’ in tax planning and contentious tax matters. The team fields 28 partners, and includes a number of CPAs and former tax officials. Recent successes include representing a major client before the High Court in a $350m tax assessment case. Woo Taik Kim, DJ Yeo, Jay Shim, and John Lee are highly recommended, as is Ju Hwan Yoon, who joined from the Institute of Trade Investment in 2012.
Lee & Ko’s department combines strength in tax consulting, tax disputes, and tax audits. It is assisting Hite, a large Korean beer company, in a $30m tax assessment dispute. Recent recruits include former director general of the tax department Kyo-Shik Kim, and former Supreme Court judge Byung-Joon Sohn, as well as a new nine-strong tax and customs investigations team.
Yulchon is ‘good in all industries, including internet-related businesses and financial services’. In 2011, the firm represented Seagate on the domestic and overseas tax implications of its acquisition of Samsung’s hard disk drive business; it also implemented solutions to minimise tax exposure. Soo-Jeong Ahn is ‘very technical and provides practical solutions’, and Sai Ree Yun and Kyung Geun Lee are also recommended.
Bae, Kim & Lee LLC advised various parties, including Korea Exchange Bank, on tax aspects of the successful sale of a controlling stake in Hyundai Engineering and Construction. Wee Soo Han and Keonho Lee are the key contacts.
The team at Shin & Kim advised a number of Korean conglomerates in 2012. Its remit includes defending clients in tax audits, and representing real estate companies in tax investigations. Hee-Chan Byun and Choon Cho recently advised a major client in a significant corporation tax case, and are currently advising on the subsequent appeal. New hires in 2012 included Jong Hyun Im from the National Tax Service and Byeung-man Ha from the Ansan Tax Office.
Yoon & Yang LLC’s four-partner team advises on contentious and non-contentious tax matters. Highlights included successfully assisting E-Land with its acquisition of Carrefour Korea, which involved taxation on the beneficial equity holder of Dutch investment vehicles. Oh-Young Jeon heads the team, and Seung-Soon Lim was recently promoted to the partnership.
Hwang Mok Park P.C. advises on a range of domestic and international matters, such as strategic tax planning.
Hee-Taek Lim remains the key contact at Kim, Choi & Lim for all aspects of corporate tax and international trade investment.