YOON&YANG
Yong Taek Kim Partner
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  • TEL 82 2 6003 7076
  • FAX 82 2 6003 7032
  • E-MAIL
Yong Taek Kim is a partner at Yoon & Yang LLC and his practice areas include tax litigation and tax advisory services.
Mr. Kim has successfully handled various tax litigations including the case on value-added tax imposed on a large-scale gold bullion business, the case on gift tax according to a comprehensive gift tax regime, the case on corporate income tax, value-added tax and local income tax regarding trust business, the case on value added tax relating to operation of railway, and the criminal case on tax evasion by a large company, etc. In addition, Mr. Kim has handled litigations in connection with administrative dispositions, housing redevelopment/reconstruction, and administrative and civil litigation in connection with the trust business, etc.

Experience

  • 2007-present Yoon & Yang LLC
  • 2023-present Director, Tax Law Association
  • 2021-present Legal Advisor, SR Co., Ltd. (Suseo High-speed Railway)
  • 2018-present Director, Korea Trust Association
  • 2010-11 Member, Taxpayers Advocate Committee, Seodaemun District Tax office

Education

  • 2012-2013 Southern Methodist University Dedman School of Law, LL.M.
  • 2008-09 Tax training institute, Seoul Bar Association
  • 2007 Judicial Research and Training Institute
  • 2007 Seoul National University College of Law, LL.B.

Representative Matters

[Tax]
  • Represented and advised the Korea Real Estate Investment Trust in litigations regarding corporate income tax, value-added tax, comprehensive real estate holding tax and local income tax on its trust business and a criminal case involving embezzlement of refund of value-added tax, etc.
  • Represented BAT Korea in a criminal litigation on tax evasion and tax appeal against tobacco consumption tax, etc.
  • Represented the Korea Railroad in a litigation seeking revocation of imposition of value-added tax in relation to pro rata calculation of common input tax amount and a litigation seeking revocation of imposition of acquisition tax on special railroad equipment
  • Advised SPC Samlip on tax issues regarding overseas investments
  • Represented POSCO E&C in a litigation seeking revocation of disposition to reject correction of comprehensive real estate holding tax
  • Advised Soosan Industries on tax issues regarding reorganization of governance
  • Represented Samsung Electronics Service in a criminal litigation involving tax evasion
  • Advised Hanshin Engineering on tax issues regarding bad debts
  • Advised SK Innovation on tax issues regarding the settlement amount in a dispute
  • Advised Bithumb on delinquency disposition on virtual assets
  • Advised Hite Jinro on tax issues regarding bonus, etc.
  • Represented Munhwa Broadcasting Corporation in a litigation seeking revocation of imposition of acquisition tax
  • Advised Hyundai Heavy Industries Turbomachinery on tax issues regarding capital reduction, etc.
  • Advised Hancom on tax issues regarding transaction of gold vouchers, etc.
  • Represented Booyoung in a litigation seeking revocation of imposition of corporate income tax in relation to special taxation on possession of non-business purpose real estate by a real estate sales company and a litigation seeking revocation of imposition of gift tax on donation of shares
  • Represented CJ in a criminal case involving tax evasion
  • Represented CS Wind in a case regarding special taxation upon relocation of company and revocation of imposition of corporate income tax in relation to delayed recovery of accounts receivables from an overseas subsidiary
  • Represented Columbian Chemicals Korea in a litigation seeking revocation of imposition of corporate income tax in relation to special tax reduction for SMEs
  • Represented Aluko in a litigation seeking revocation of imposition of gift tax under the comprehensive taxation of gift tax, etc.
  • Represented Samjeong Keumeun in a litigation seeking revocation of imposition of value-added tax on large gold bullion wholesalers, etc.

[Civil & Administrative]
  • Advised the Korea Institute of Science and Technology on administrative issues regarding the site for research institute
  • Represented the Korea Real Estate Investment Trust in litigations seeking refund of sales price related to the trust business, payment of construction cost and payment of proceeds, etc., and an administrative litigation regarding relevant permissions and licenses, etc.
  • Advised KB Real Estate Trust on the trust business
  • Advised Korea Trust on the trust business
  • Represented the Korea Railroad in a number of civil litigations regarding the international business district development project near Yongsan Station
  • Represented La Defense in a civil litigation involving the land purchase price in the housing site development project in Gwanggyo New Town
  • Represented Woori Bank in a litigation involving request for return of deposit in relation to withdrawal of cost of capital increase
  • Represented Seocho-gu in administrative and civil litigations regarding reconstruction of the Banpo Jugong complex
  • Represented the Hyochang 4 Area Redevelopment and Maintenance Project Association in administrative and civil litigations regarding redevelopment
  • Advised MJY Holdings on the traditional market maintenance project

Publications

[Books]
  • Tax Law (Revised) – Pakyoungsa (Co-author, 2022)
  • Explanations of Tax Laws and Relevant Adjudications, Yoon & Yang Tax Research Center (Co-author, 2021)
  • Tax Law Research 2, Yoon & Yang LLC (Co-author, 2018)
  • Tax Laws Explained by Attorneys at Law Firm, Pakyoungsa (Co-author, 2019)
  • Online Annotation – Framework Act on National Taxes, LAWnB (Co-author, 2017)
  • Tax Law Research 1, Yoon & Yang LLC (Co-author, 2015)

[Dissertations]
  • Issues of the Property Valuation Method under the Inheritance Tax and Gift Tax Act ―Focusing on the Principle of Fair Taxation, Tax Law Association (Co-author, 2019)
  • Trust and Inheritance Tax – Focusing on Tax Issues under the Inheritance Tax and Gift Tax Regarding Trust As a Means of Inheritance of Properties, Tax Law Association (2019)

[Press Contribution]
  • [big story] “Clever Method of Asset Succession – Trust as Substitute for Will”, Hankyung Business (2021)
  • “Transfer under Tax Laws”, Money Today (2021)
  • “Real Estate Price Evaluation System Needs Improvement”, Money Today (2021)
  • “Sustainability Needed in Amendment of Taxation on Trust”, Money Today (2021)
  • “Secondary Tax Payment Obligation Should Not Be Imposed Unlimitedly on Oligopolistic Shareholders of Oligopolistic Shareholder”, Money Today (2020)
  • “Study on Government’s Reform of Financial Tax System”, Money Today (2020)
  • “Request for Correction of Overdue Tax Filing for Tax Refund Purposes Becomes Possible”, Money Today (2020)
  • “Additional Tax Cannot Be Imposed on Shares Under Borrowed Name for Which a Donor is Misrepresented”, Money Today (2019)
  • “What If Real Estate Sales Company Sells Real Estate After Five Years from Acquisition?” Law Times (2018)
  • “Acquisition of New Shares in Title Trust – “Double Taxation” of Gift Tax Is Not Possible”, Money Today (2018)
  • [Legal Knowledge for Company] “Effectiveness of Severance Benefits for Officers”, Financial News (2017)
  • “Applicability of Gift Tax When Returning Inherited Properties”, Money Today (2017)
  • “Reduction of Acquisition Tax for Purchase of Real Estate for Business Purposes in Large Cities”, Money Today (2016)