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2020 Tax Law Changes Impacting Foreign Companies and Foreign Invested Korean Companies Webinar

Thursday, July 16, 2020

2:00pm - 3:00pm

* Registered attendees will receive online access information.


Online Broadcast

Presentation Materials



COST KRW 0 for members
KRW 0 for non-members
Noon, Thursday, July 16, 2020

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.

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 Pricing Services Team at KPMG Samjong’s Tax Division, dealing with various projects including establishment of global transfer pricing policies, support for mutual agreement procedures (MPA) and advance pricing arrangements (APA), 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.


(email) amchamrsvp@amchamkorea.org

(phone) 02-6201-2255

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 became effective in January and the Enforcement Decrees were issued in 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 and COVID-19. 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