With the firm’s recognition for having one of the strongest financial services practice in the country, the Tax Group has leveraged on this reputation by creating a specialized financial tax team dedicated to advising our clients in all aspects of financial products and the financial services industry.

Our finance tax professionals work closely with commercial banks, investment banks, securities firms, insurance companies, asset management companies, private equity funds, and financial firms located in Korea and in other jurisdictions around the globe. With the support of the firm’s strong financial services client base, we have a great deal of experience advising the financial sector, handling complex deals and issues for our clients who are comprised of domestic and global financial firms.

We have extensive experience with tax issues impacting the industry, including head office allocation, proxy VAT, securities transaction tax, education tax, withholding tax issues as well on drafting ruling requests when the tax rules are unclear. Our professionals maintain continuous dialogue with the National Tax Service, the Ministry of Strategy & Finance and the Financial Supervisory Service.

We advise on transactions involving financial products and services, including financial derivatives, structured products, repos and reverse repos, securities lending and borrowing, and other investment vehicles. With new financial products and structures coming to the market on a frequent basis, we keep pace with our clients through our close relationship with industry experts and specialists. We have successfully represented clients in tax audits involving issues relating to withholding tax, permanent establishment and transfer pricing. Further to our assistance with FATCA consulting, we have been actively engaged with consulting issues arising from the Common Reporting Standard (CRS) announced by the OECD and the relevant regulations adopted by various governments.

01Introduction 02Expertise 03Major Cases 04Key Contacts 05Recent Accolades 06Recent Developments