Tax
Asia-Pacific Guide 2024 : South Korea
Band 1
Email address
[email protected]Contact number
+82 2 528 5200About
Provided by Yulchon LLC
Yulchon's Tax Practice has approximately 100 tax experts, including experienced attorneys, CPAs with substantial Big 4 Accounting Firm experience, and tax attorneys and customs experts who formerly worked for National Tax Service, Ministry of Economy and Finance, Korea Customs Office and Tax Tribunal.
Yulchon’s Tax Group provides full legal services to give solutions to clients from tax planning to acquisition of authoritative rulings, examination of and response to tax investigations, appealing to the tax tribunal, and tax litigation. Also, the Group provides comprehensive legal services on tax controversy matters through an exclusive team organized within the Group to support foreign enterprises investing in Korea and Korean enterprises investing overseas.
- Tax Litigation & Dispute Resolution: the highest court appeals win rate in Korea
- Domestic Tax Advisory: the best client-focuses service
- International Tax Advisory: maximize client satisfaction by providing a full range of legal services on international taxation
- Tax Legislation Advisory & Request for Tax Rulings: provide high-quality services to large domestic and multinational clients seeking tax rulings and amendments to Korea’s tax statutes and regulations
- Pre-Audit & Tax Audit Defense: total integrated solution for its clients facing tax audits in Korea
- Customs: full range of legal services in customs and trade matters
Chambers Review
Yulchon is a highly regarded law firm in South Korea, regularly advising clients on a range of tax matters principally in the areas of transfer pricing, auditing and transaction-related tax. It also possesses notable strength in advising on M&A transactions and real estate investments and in representing clients on tax disputes and tax audit defence. Furthermore, the firm can draw on significant expertise in customs matters, including appeals, customs valuation and trading agreements. The team is knowledgeable about a range of sectors, including financial services, electronics and the fashion industry. It acts for a number of prestigious domestic and international companies, such as Naver, Japan Korea Joint Smelting and Samsung SDS.
Work Highlights
- Yulchon successfully represented Samsung SDS in a lawsuit concerning the cancellation of a KRW149 billion corporate income tax assessment.
Strengths
Provided by Chambers
"Yulchon has good depth and breadth of the team, and provides good technical and strategic advice on complex tax matters."
"Yulchon is the number one law firm in Korea. Even though we have faced complex and difficult matters, Yulchon always brought the best solutions."
"Yulchon has good depth and breadth of the team, and provides good technical and strategic advice on complex tax matters."
"Yulchon is the number one law firm in Korea. Even though we have faced complex and difficult matters, Yulchon always brought the best solutions."
Notable Practitioners
Lee Kyung Geun enjoys a tremendous reputation in South Korea's tax space. He is known for his specialisation in international taxation, including for clients involved in M&A and inbound investments.
Kang Seok Hoon is the co-managing partner at Yulchon in Seoul. He is active on tax matters for large companies and individuals including VAT and real estate-related tax.
Kim Kyu Dong is highly regarded for his tax advisory work, and regularly works for large international clients on tax audits, VAT matters and tax structuring in the Korean market.
"Kyu Dong offers good technical and strategic advice, and provides good market insights."
Kim Dong Soo regularly advises on tax issues related to inbound investments, audits and transfer pricing. He acts for both Korean and international clients.
Cho Yun Heui is regularly involved in tax litigation, including at the Supreme Court level. He previously served as a judge at the Supreme Court of Korea.
"He's good at persuading the court."
Choi Yong Whan represents clients in various tax disputes and appeals before the Tax Tribunal and Korean courts. His broad clientele includes domestic and foreign entities as well as financial institutions.
"Mr Choi is always showing amazing performance and contributing to manage my company's legal issue."
Ranked Lawyers at
Yulchon LLC
South Korea
Members
Provided by Yulchon LLC
Byoung Ho Choi
Chong Soh Park
Head of Department
Jeremy Everett
Kak Kyu Kim
Kun Jai Kim
Kwang Lae Cho
Min Young Sung
Sang Beom Yoon
Se Hoon Park
Su Hyeon Seong
Sung Hwan Ryu
Tae Hyoung Kim
Wan Choi
Yong Whan Choi
Young Joon Chun
Young Suk Oh