Tax
Asia-Pacific Guide 2024 : South Korea
Band 1
Email address
[email protected]Contact number
+ 82 2 3703 1114About
Provided by Kim & Chang
With approximately 170 professionals, our Tax Practice is by far the largest and the most experienced of its kind in Korea. Our Practice includes many of Korea’s best-known tax professionals, recognized as foremost practitioners in their particular tax fields. The Tax Practice includes professionals with diverse training, skills and experiences, such as tax lawyers/attorneys, certified public accountants and certified tax accountants, former judges and high-ranking officials from the National Tax Service and the Ministry of Economy and Finance, and also a number of foreign legal consultants specializing in international tax, transfer pricing and business transactions.
Governments around the world, including the Republic of Korea, continuously enact new legislation and implement new enforcement policies with the goal of collecting more tax revenues. These circumstances create significant challenges for business taxpayers, such as multinational corporations, private equity funds and partnerships, and also for individual taxpayers, particularly high-net-worth individuals, their heirs and estates. Integrating Korean-specific considerations into the global tax framework, as well as addressing tax challenges within Korea itself, require top-tier tax professionals who have broad practical experience and an understanding of global tax trends and enforcement policies.
Chambers Review
Kim & Chang is a leading law firm in South Korea, with a deep bench of tax specialists, many of whom are former officers of the relevant regulatory agencies. It is a market leader across a comprehensive range of tax issues, including transfer pricing, tax audits, tax planning and exemptions. The team handles large volumes of tax appeals and represents an impressive roster of foreign and local clients. It is also well placed to handle tax issues arising from M&A deals and customs matters. The firm houses both leading tax lawyers and a top team of non-lawyer tax professionals, allowing it to handle a full spectrum of work. Ford Motor, Samsung BioLogics and Hahn & Company are examples of Kim & Chang's clients.
Work Highlights
- Kim & Chang advised Ford Motor on tax structuring matters in connection with its joint venture with SK on.
Strengths
Provided by Chambers
"With creative solutions and out-of-box resolutions, Kim & Chang has always delivered the best for each issue and problem which usually landed in the best results."
"I cannot ask for any better services. They have been immensely instrumental and the key of the intensive matter. I would certainly say that they are the top of Korea as they have distinguished expertise and network when it comes to tax matters."
"With creative solutions and out-of-box resolutions, Kim & Chang has always delivered the best for each issue and problem which usually landed in the best results."
"I cannot ask for any better services. They have been immensely instrumental and the key of the intensive matter. I would certainly say that they are the top of Korea as they have distinguished expertise and network when it comes to tax matters."
Notable Practitioners
Nam Tae-Yeon is a highly esteemed transfer pricing practitioner in South Korea. She is also experienced in a range of international taxation matters and regularly advises on advance pricing agreements.
Ranked Lawyers at
Kim & Chang
South Korea
Members
Provided by Kim & Chang