Yoon & Yang LLC (Managing Partner Lee Myung-su) said on the 19th that it launched an "international tax strategy center" in response to changes in the international tax system. Yoon & Yang LLC said the move follows the assessment that corporations must manage international tax risks across their entire operations due to the adoption of a global minimum tax and the mandatory reporting of offshore trusts.
Yoon & Yang LLC said the center will structurally diagnose and manage international tax risks that can arise throughout corporations' investment and transaction, asset transfer and succession processes. It added that it will focus on designing tax structures from a mid- to long-term perspective through pre-emptive reviews.
The center handles international tax advisory, tax litigation, tax audit response, and pre-assessment work. It also listed as key areas: ▲ cross-border investment and mergers and acquisitions (M&A) ▲ tax strategies for restructuring ▲ advisory linked to asset transfer and succession such as overseas migration, inheritance, and gifts ▲ advisory on new industries such as virtual assets and responses to changes in global regulations.
Yoon & Yang LLC said it plans to strengthen an integrated advisory system that consistently manages international tax issues from the investment stage through operation, restructuring, and post-dispute response by collaborating with its advisory group, finance group, and asset management center.
Yoon & Yang LLC noted that it also operates consulting services linked to its asset management center, citing growing demand for inheritance and gift tax savings through overseas migration. The aim, it said, is to provide tailored tax-saving consulting that comprehensively considers clients' asset structures, residency patterns, and the global tax environment.
Yoon & Yang LLC appointed attorney Ryu Sung-hyun, a former National Tax Service Deputy Director (Judicial Research and Training Institute class 33, director at the Korea International Tax Association), as head of the center. It said advisor Lee Dong-shin and senior foreign attorney Shim Jae-jin (Massachusetts 1988, New York 1991) will serve as advisors, and attorney Lee Hwan-gu (Judicial Research and Training Institute class 37), attorney Park Young-ung (5th bar exam, 45th certified public accountant), and partner accountant Kim Dae-ho (36th certified public accountant) will lead the work as core members.
Managing Partner Lee Myung-su said, "International taxation now determines corporations' overall investment and management strategies," adding, "Through the International Tax Strategy Center, we will systematically manage international tax risks that arise in clients' global business processes and present practical solutions."