Centric Tax Corporation (CENTRIC) was launched on the 21st. It is a merger between Daeryuk Tax Corporation and Lee Hyun. Centric is led by Han Seung-hee, who served as the first commissioner of the National Tax Service under Moon Jae-in's administration, and Ahn Man-sik, who founded Lee Hyun and has experience with the National Tax Service. This marks the first case in the country of a former National Tax Service commissioner taking the helm of a tax corporation.
Representative Han Seung-hee has held various positions, including director of the Investigation Bureau at the Seoul Regional Tax Service, director of the Investigation Department at the National Tax Service, and commissioner of the Seoul Regional Tax Service. Representative Ahn Man-sik founded Lee Hyun, a tax law firm, and has provided consulting services to the top 10 corporations in Korea. Centric will consist of about 100 tax experts, including former commissioner of the Central Regional Tax Service Kim Yong-kyun, along with tax accountants Park Joo-il, Ma Suk-ryong, Kang Seung-yoon, Lee Myung-jin, Kim Cheon-hee, Kim Joo-seok, and Kang Jung-ho, who are all former National Tax Service officials.
Centric is also planning to establish a dedicated tax investigation center along with a department specializing in tax appeals, inheritance and gift taxes, business succession, international taxes, and capital tax responses. A company official said, "We will provide a one-stop solution from the start of tax cases, including responses to tax investigations as well as tax work combined with accounting, all the way to the final litigation stage."
Centric will also provide international tax services, such as transfer pricing and mutual agreements, which have previously been offered by large law firms and accounting firms. It will operate a Korean desk in collaboration with overseas accounting firms in countries like Vietnam, where many of our corporations have expanded, marking it as the first instance for a domestic tax corporation.
Representative Han Seung-hee noted, "We merged to foster a market-leading tax corporation that is upright, dignified, and possesses overwhelming problem-solving abilities, paving the way for junior staff at the National Tax Service to emerge as leading figures in the tax market." Representative Ahn Man-sik stated, "We will provide services in the areas of business succession and governance restructuring, and mergers and acquisitions (M&A) through collaboration with accounting, legal, and private equity sectors."