Lee & Ko successfully represented Dongbu HiTek Co., Ltd. in its effort to cancel approximately KRW 78 billion in corporate income taxes relating to its goodwill resulting from a merger as the Seoul High Court ruled again in favor of Dongbu HiTek on all issues on April 3, 2015. The tax authority’s view has been inconsistent on whether the value of goodwill (intangible asset) was included in the consideration paid for companies that have entered into merger transactions between 2007 and 2010. This particular case turned out to become one of the leading cases in the dispute against the tax authority regarding such issue, and was one of the largest in terms of the amount involved. This case received a lot of attention from many leading companies as well as the media. By winning on all issues in a rather complex tax litigation that required an especially in-depth understanding of both tax law and accounting principles, Lee & Ko’s tax team received much recognition from the industry for its exceptional expertise and experience. Lee & Ko also currently represents many other cases regarding goodwill arising out of mergers.