AMCHAM Korea

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AMCHAM Taxation Committee Meeting

DATE & TIME

Thursday, March 05, 2020

7:30am - 9:30am

7:30am-8:00am: Registration / Networking
8:00am-9:30am: Breakfast / Speech / Q&A

VENUE

Four Seasons Hotel, Membership Lounge (10th Fl.)

Detail

TOPIC	2020 Tax Law Changes Impacting Foreign Companies and Foreign Invested Korean Companies
COST	KRW 53,000 for members KRW 53,000 for non-members (My Company is an AMCHAM Member) KRW 73,000 for non-members
RSVP/ PAYMENT BY	Noon, Tuesday, March 03, 2020 * No refunds for cancellations after this date and time * Please complete registration in advance. No walk-ins or payments accepted at the door. * 2 complimentary admission for Founding Partners

About the Speaker

Ted Tae-Gyung Kim, Tax Partner, Lee & Ko

Ted Kim is a leading partner in the Tax Practice Group of Lee & Ko. He is a Korean Certified Public Accountant & Certified Tax Accountant, and in addition has passed the US CPA examination. He has over 27 years’ experience in providing various international tax and transfer pricing consulting services for global companies. These include tax audit defense, tax appeals, BEPS & TP documentation, as well as APA & MAP services. Before joining Lee & Ko, he worked at PricewaterhouseCoopers (“PwC”) and Deloitte for more than 20 years, including two years secondment to the international tax service group at PwC New York. He is the co-author of “International Taxation in Korea”, “Understanding of US Tax Law” and “US Tax Law ? Transfer Pricing Rule”. He completed his Ph.D program at Sungkyunkwan University Law School. In addition, he received a Master’s degree in taxation from the University of Seoul. He is a member of the International Fiscal Association and the Study Group of Special Tax Cases at the Supreme Court of Korea.

Click to view SPEAKER’S FULL BIO

Tae Hyoung Kim, Associate, Yoon & Yang

Tae Hyoung Kim is a certified public accountant in the US (Maine) at Yoon & Yang LLC, and his main practice area is international taxation and transfer pricing advice for domestic and foreign multinational enterprises. He worked as a CPA in the Global Transfer Price Services Team at KPMG Samjong’s Tax Division, dealing with various projects including establishment of global transfer pricing policies, support for mutual agreement procedures and advance pricing arrangements, tax due diligence and tax risk diagnosis, support for tax audit and tax appeal. After joining Yoon & Yang LLC, he has provided comprehensive services for numerous multinational enterprises’ international taxation and transfer pricing matters including the BEPS project related advice, transfer pricing policy setup, and transfer pricing audit support.

Click to view SPEAKER’S FULL BIO

Contact

(email) Gov@amchamkorea.org

(phone) 02-6201-2240

Message from the Co-chairs

Dear AMCHAM Members,

The draft Enforcement Decrees to the 2020 Tax Reform Act released by the Ministry of Economy and Finance in early January finally took effect in February 11, and additional regulatory guidance is expected by the end of February. The 2020 Tax Reform Act appears to continue the path the Korean government took since last year of providing additional tax incentives to Korean businesses due to the slowdown of the Korean economy. However, in so far as the foreign companies and foreign invested Korean companies are concerned, there appears to be an increase effort to raise additional taxes as well as new measures designed to combat tax-avoidance transactions that were identified by the OECD BEPS Action Plan. In particular, provisions have been introduced to specifically target cross-border transactions, including rules requiring reporting and disclosure. Mr. Ted Kim and Mr. Tae Hyoung Kim will provide an overview of the key international tax law changes that can potentially impact multinational companies and other foreign investors investing in or doing business with Korea.

Please join us in what should be an informative session that will provide AMCHAM members a general understanding of the key tax changes in 2020 that may impact their businesses in Korea.

AMCHAM Taxation Committee Co-Chairs
Jay Shim / Henry An / Sean Kahng

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