On May 9, 2019, Kim & Chang was named “South Korea Tax Disputes and Litigation Firm of the Year” at the 2019 Asia Tax Awards. 

We also won “Regional Impact Case of the Year” for successfully representing our client in a landmark case, in which the Supreme Court affirmed the lower court’s decision in ruling in favor of taxpayers regarding the requirements for tax-qualified spin-off under the Corporation Income Tax Law.

The case attracted significant media attention as the largest tax assessment by the tax authority on any single issue (approximately KRW 500 billion).  The Supreme Court’s decision is expected to be seen as a precedent that will provide greater clarity on the eligibility of tax benefits provided for qualified spin-offs under the Corporation Income Tax Law.

About Asia Tax Awards:  The annual Asia Tax Awards are hosted by International Tax Review (“ITR”), an affiliate of Euromoney and publisher of prestigious tax papers recognized by industry experts.  ITR selects the winners among law firms and accounting firms across 20 countries in the Asia-Pacific region based on criteria such as performance, innovation, complexity, professional influence, and reputation.  The 2019 Asia Tax Awards ceremony was held at the Mandarin Orchard Hotel in Singapore.