Tax Advisory & Transactional

"They provide the total package of advice and do not only provide advice on matters they are asked for, but try to look at the whole picture. They endeavour to integrate clients' commercial needs as much as legally possible."

- Chambers & Partners Asia-Pacific

Overview

Our Tax Group is committed to providing optimum solutions to address clients’ needs by clearly identifying the facts and circumstances of each client matter. We engage a team of high-caliber professionals with extensive experience and expertise tailored to the needs of each engagement, thereby bringing greater efficiency and synergy in providing our legal service.

Precise Understanding of the Circumstances of Our Client’s Position

As a result of fluctuations in economic environment and complex transaction structures, the gap in tax expenditures vary enormously depending on the decisions made by our clients. It is also becoming much more important for businesses to prepare strategies to avoid potential tax conflicts with the tax authorities. Our Tax Group recognizes that the first step to providing a solution is to gather an accurate understanding of the various issues which may potentially arise for our clients. We are fully committed to setting up optimal and strategic tax planning and providing our clients with optimal tax advice on a timely basis so that our clients may reduce the risk of tax controversies from impeding their business activities and bearing unnecessary tax expenditures.

Synergy among Experienced Professionals

Our Tax Group consists of a team of tax attorneys with in-depth experience in handling tax matters, certified public accountants having gained practical experience from working in major accounting firms, and certified tax accountants with accumulated hands-on experience at the National Tax Service and the Tax Tribunal. A team of professionals is selected and dedicated to each engagement, thereby bringing the various professionals’ experience in different areas together to gain greater efficiency and synergy in representing our clients. Further, we work in close coordination with major foreign law firms to provide comprehensive legal services.

Key Services

M&A and Corporate Restructuring
We examine the tax effects of M&A and restructuring on the corporation and its shareholders and provide tax saving strategies to assist our clients in choosing the best structure in regards to mergers and acquisitions via mergers, business transfers, and share acquisitions, or corporate restructuring via capital increases, capital reductions, spin offs, and in-kind contributions.
Foreign Investment
In regards to investment in Korea by foreign corporations, we take into account the global organization structure, availability of tax treaty benefits and tax exemptions to analyze the tax implications at entry, operation, and exit stages so that we may provide the most tax-efficient advice to our clients on the appropriate methods of investment and operation.
Offshore Investment
In regards to overseas investment by Korean asset management companies, institutional investors, and general corporations in foreign real estate, infra assets, and private equity, we provide our clients with tax structuring advice via a dedicated team consisting of experienced high-caliber professionals and via local networks.
Finance Tax
We advise our clients on complex financial transactions such as financing products and structured financing, and project financing. We also advise banks, securities companies, insurance companies, financial holding companies, and trusts on tax issues in relation to their businesses.

Representative Cases

Advised LGU+ in relation to mergers and spin offs in the course of restructuring its MVNO business
Advised SeAH Group on tax issues relating to spin off and conversion to a holding company
Advised Unilever on tax issues in relation to acquisition in Carver Korea
M&A and Corporate Restructuring
Advised LGU+ in relation to mergers and spin offs in the course of restructuring its MVNO business
Advised Lotte Public REIT on tax issues in relation to qualified in kind contributions
Advised Kakao on tax issues in relation to its acquisition of shares in Kakao Bank
Advised SeAH Group on tax issues relating to spin off and conversion to a holding company
Advised Hyundai Corp. on tax issues relating to spin off and conversion to a holding company
Foreign Investment
Advised Comcast on tax issues relating to establishment and operation of a JVC with SK Telecom
Advised Affinity/Blue Run Ventures on tax issues in relation to their investment in SSG.Com
Advised TA Associates on tax issues in relation to acquisition of GongCha Korea
Advised Unilever on tax issues in relation to acquisition in Carver Korea
Advised Wacker Chemicals Korea Inc. in preparing its application for designation in a foreign investment area
Offshore Investment
Advised Hana Financial, Shinhan Alternative Investment and Carlyle Group on establishment of infrastructure investment funds and tax implications of investments
Advised Hana Financial-Pine Street Asset Management on making investments into a data center in the North America
Advised Mastern Investment Management on the purchase of Crystal Park Building located in Paris, France via a fund established by the company
Advised Shinhan Alternative Investment Management on the purchase of Amazon logistics center located in Germany via a fund established by the company
Advised Truston Asset Management on its equity investment into Gatwick Airport located in London, U.K. via a fund established by the company
Finance Tax
Advised Hana Financial Holding on tax issues in relation to acquisition of a subsidiary
Advised Shinhan Financial Holding Company on tax issues in relation to inclusion of Orange Life Insurance into its subsidiary
Advised KFB on tax issues in relation to non-performing debt funds of member banks
Advised KOFIA on tax issues in relation to VAT on trust assets and prepared an amendment proposal of the tax law
Advised Hana Bank and Korea Exchange Bank on tax issues in relation to merger between them
Real Estate
Advised IGIS Asset Management on tax issues in relation to its development project in Bucheon Sosa
Advised Shinhan Life Insurance on tax issues in relation to purchase structure of L Tower
Advised BlueRun Ventures on tax issues in relation to development projects via PFV
Advised DAOC on tax issues in relation to sale of real estate
Advised R&F Group on tax issues in relation to development of Midan City in the Incheon Economic Free Zone

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