Tax
Asia-Pacific Guide 2024 : South Korea
Band 2
About
Provided by Shin & Kim
Challenges presented by the ever-changing tax regime require equally adaptive and innovative thinking. Our Tax & Customs Practice Group excels in providing specialized legal services on all tax-related matters, including national and local tax issues, customs duties (including exports, imports and foreign exchange transactions), international tax and transfer pricing. It also advises on tax-related audits and investigations as well as administrative, constitutional and criminal disputes.
Over 50 lawyers specializing in various areas of tax, collaborate closely with our advisors and other experts from relevant government agencies and institutions such as the Ministry of Finance and Economy, the Tax Tribunal, the National Tax Service and the Customs Service. Our non-lawyer professionals include certified public accountants, tax accountants and former customs officers. The Tax & Customs Practice Group provides tailored solutions to deliver the best results for our clients in the most efficient and effective way depending on the specifics of each client matter.
Chambers Review
Shin & Kim is a noted law firm in South Korea, which acts for leading domestic and international clients on both transactional and contentious taxation issues, including tax appeals. Its combined team of lawyers and tax accountants provides expertise in administrative trials and other tax disputes. The team's experts display notable knowledge of cross-border matters, and also advise overseas companies on the domestic tax aspects of M&A and general corporate transactions. Shin & Kim is especially well positioned to assist clients with tax investigations. It also advises on gift and inheritance taxes. The firm's key clients include Samsung Card, Hanwha Asset Management and Oracle Korea.
Work Highlights
- Shin & Kim filed a tax appeal on behalf of Paju Energy Service before the Tax Tribunal against the tax authority on the grounds that the imposition of tax was illegal and should be cancelled because it was based on the Advance Pricing Arrangement (APA) application data for which it should be used for APA purposes only.
Strengths
Provided by Chambers
"The Shin & Kim team is cooperative, attentive, and professional. The bench is very strong, which makes it great to work with those individuals who are hands-on with the work."
"They were working very proactively creating strategy."
"The Shin & Kim team is cooperative, attentive, and professional. The bench is very strong, which makes it great to work with those individuals who are hands-on with the work."
"They were working very proactively creating strategy."
Notable Practitioners
Baik Je-Heum leads Shin & Kim's tax practice. He maintains a prestigious position in the Korean market for his strength on tax litigation. He is also experienced in tax audits.
"His extensive expertise is well regarded, and he provides proposals which are very different compared to other firms. Baik Je-Heum understands clients' needs and logical reasoning."
"Baik Je-Heum is at the top of the market."
"His expertise has been exceptional."
Kim Hyeon-Jin is involved in tax litigation and advises on corporate and inheritance tax matters. He is increasingly active in representing in tax investigations. He often acts for domestic entities.
"He takes a meticulous attitude to solve complex implementation and tax issues that arise in the process. He has an in-depth understanding of the industry and my company."
"Regardless of the time and day, he is always responsive. He is very helpful and easy to approach."
Ranked Lawyers at
Shin & Kim
South Korea
Members
Provided by Shin & Kim
Chang-Ho Kim
Choon Cho
Do-Hoon Woo
Hee Chan Byun
Hyung-Won Kim
Head of Department
Jinkyu Yoon
Nam-Ju Lee
Sun Young(Sunny) Kim
Young-Min Chung
Clients
Provided by Shin & Kim
AIG Korea
Chubb Limited
GE Capital
IGIS Asset Management
Joongang Holdings
KCC Corporation
KT&G Corporation
Kangwon Land
Kendall Square Asset Management
Kyobo Life Insurance
LaSalle Investment Management
Landing Entertainment Korea
Linde Korea Co., Ltd.
Lotte Group
Oracle Korea Ltd.
Paju Energy Service
SD Biosensor
SK E&S
SK Energy
Samsung Biologics
Subway International B.V.
Woori Bank
Industries
Provided by Shin & Kim
Aerospace & Defence
Automobiles & Parts
Banks
Construction & Materials
Consumer Product Manufacturing
Energy
Financial Services
Food & Drink Producers
Industrial Engineering
Media
Private Clients / Individuals
Telecommunications
Transportation