Korean tax service to strengthen response to law firms

A string of victories by the large law firms has prompted the National Tax Service (NTS) of Korea to reorganise its legal affairs teams and rethink its tactics.

Busan, South Korea Sean Pavone

The NTS will restructure the legal team in Seoul and in five provincial tax offices in January. It will consult with the Ministry of Security and Public Administration first. The NTS commissioner Lim Hwan-soo has asked it officials to think of ways of being more effective against firms including Kim & Chang and Bae and Kim & Lee LLC, according to an NTS spokesman.

Top ten

Kim & Chang was among the top 10 for M&A work in H1 2014 in Asia, according to Mergermarket. Source: Korea Times

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