新着情報

The Customs Practice Group of Lee & Ko successfully held the "2024 Customs Seminar for Trade Regulatory Discussions" on Friday, 18th October, 2024, amidst keen interest and participation from the attendees.

A broad range of clients who are involved in the global trade sector  -multinational and domestic corporations alike-  attended the seminar. The customs professionals of Lee & Ko proactively responded to the participants’ comments, which encompassed areas such as recent import / export / foreign exchange (“FX”) cases, and recent trends/practices of the Korea Customs Service (“KCS”).

The seminar was divided into three sessions. The first session covered ‘Key Investigation & Litigation Cases in Customs/Trade’, presented by Vin Ma. Mr. Ma, who worked as a licensed customs broker before being admitted to the Korean Bar and joining Lee & Ko, is an up-and-coming customs attorney. He covered the complex web of customs-related laws and regulations with ease, making ample use of key cases and easy-to-understand explanations.

The second session covered ‘KCS Audit & Investigation Issues Forecast’, presented by Jae-Wung Cho. Mr. Cho is a Lee & Ko Customs Practice Group partner with expertise in the customs profession due to his prior career in KCS. Based on his experience within both public and private sectors, he elaborated on practical KCS checkpoints, as well as potential red flags that should be noted by exporters and importers to improve their trade compliance scheme and ameliorate customs & FX concerns.

The theme of the third session was ‘Potential Issue of Duplication between Customs and FX Investigations”. Mr. Cho, after presenting various legal precedents and interpretive viewpoints which this practical theme might entail, encouraged participants to freely share their thoughts, including real-world KCS audit / FX inspection experiences. The seminar was wrapped up with a Q&A session.

Young-Gee Park, the lead partner of Lee & Ko Customs Practice Group, commented that “Lee & Ko sincerely wishes that this seminar would be a beneficial reference point for customs and trade operations, for domestic import and export companies”, and Jae-Wung Cho voiced thoughts “to continue updates for clients doing business in Korea, to help safely navigate the ever-changing landscape of the Korean customs / trade / FX areas and pertinent KCS trends”.