YOON&YANG

Oh-Young Jeon Partner

TEL 82 2 6003 7134
FAX 82 2 6003 7032
E-MAIL oyjeon@hwawoo.com

Oh-Young Jeon is a partner at Yoon & Yang LLC, and his main practice areas are tax advisory & tax strategy, tax litigation, and family business succession.
Prior to joining the firm, Mr. Jeon served as a judge in Korean courts including the Seoul Central District Court for nearly a decade. Based on his experience overseeing tax-related litigation, he provides expert advice on corporate tax issues including those involving M&As and foreign investment, not to mention handling tax appeals. In addition, he provides advice on asset succession planning for high net-worth individuals and mid-sized companies, and rights analysis and cleaning measures for non-profitable assets in order to increase efficiency from a tax perspective.

Experience

2003-present Yoon & Yang LLC
2014-present Vice Chairman, Korea Tax Law Association
2014-present Vice Chairman of Tax Community, Seoul Bar Association
2019-21 Member, Corporate Succession Revitalization Committee, Korea Federation of Small and Medium Enterprises
2015-19 Member, Special Committee on Family Business Succession, Korea Federation of Small and Medium Enterprises
2015-19 Tax Law Advisor, National Tax Service
2014-18 Commissioner, Tax System Committee, Korean Bar Association
2008-12 Expert Advisor, Committee for Promotion of Advancement of Laws (Franchise & Retail Section), Korean Fair Trade Commission
2007-11 Member, Competition Policy Advisory Committee of the Korea Fair Trade Commission
2005-09 Member, Legal Advisory Committee, Human Resources Development Service of Korea
1999-03 Partner, Roh & Yang
1998-99 Judge, Seoul District Court, Bukbu Branch
1996-98 Judge, Gwangju High Court
1995-96 Judge, Gwangju District Court, Sunchon Branch
1993-95 Judge, Seoul District Court, Nambu Branch
1991-93 Judge, Seoul District Court
1988-91 Judge Advocate, Republic of Korea Army

Education

2000 Seoul National University School of Law Practice Areas (Fair Trade Act Research Coursework completed)
1988 Judicial Training & Research Institute
1986 Seoul National University College of Law, LL.B.

Representative Matters

[Tax Litigation]

Represented CS Wind in the cancellation of corporate tax disposition related to business-related loans
Represented AML Korea Limited in the cancellation of customs imposition related to domestic sales agent status
Represented Macquarie Bank International Limited in the lawsuit for invalidation of imposition of VAT in connection with transaction of gold bullion
Represented LS-Nikko Copper in a criminal case regarding tax evasion (found not guilty)
Represented Asiana Airlines in the lawsuit for refund of special rural development tax in connection with purchase of an airplane
Represented Ewha Haktang Foundation in the lawsuit for invalidation of imposition of corporate tax on discretionary reversal of reserve for the foundation’s original business purposes
Represented KORAIL in the lawsuit for invalidation of imposition of VAT in connection with proportional division of common input tax
Represented Samsung Veolia in the cancellation of tax reduction/exemption refusal for foreign investment under the Restriction of Special Taxation Act

[Tax Advisory]

Advised Incheon International Airport on the accounting of land donation and lease fees paid in advance
Advised the Bank of New York Mellon on the general tax affairs regarding the qualified financial institution
Advised LSIS Co., Ltd on heavy imposition of registration tax in connection with registration of incorporation of its spinoff
Advised the Korea International Trade Association on the appropriation of dividends earned for the reserve for original business purposes
Advised Hite Jinro in connection with the loss from guarantee of liabilities for the overseas subsidiary
Advised KT on withholding income tax on the acquisition of stocks of domestic corporations from foreign companies
Advised LS Mtron on whether R&D contributions are subject to special taxation under the Special Act
Advised Clark on tax issues related to the low-priced transfer of stocks of overseas subsidiary
Advised POSCO on temporary investment tax credit for fixed business assets
Advised SK Broadband on tax implications of acquiring SKC Infraservice

Awards

Leading Individual, Tax, Legal 500 Asia Pacific (2019-2024)
Lawyer of the Year, Tax, Legal Times (2017)

Publications

[Books]

Inheritance techniques to save taxes and prevent disputes, Maeil Business Newspaper (co-author, 2018)
“Online Annotations: Corporate Tax Act” (co-author), LAWnB, 2013

[Academic Papers]

“Spinoff and Tax Law,” BFL Series 8, Seoul National University Banking Law Center, 2013
“Review of Cases Regarding Heavy Taxation of Unregistered Properties,” Law Times, 2012
“Heavy Imposition of Registration Tax for Registration of Dormant Companies,” National Tax Newspaper, 2009
“LBO and Taxation,” Business Finance Law (co-author), Center for Financial Law (2007)
Whether the free rental of land is subject to gift tax – 100 Tax Cases, Korea Tax Law Society (2005)
Criteria for the application of effective power and limits on the exercise of the right to claim - Jurist No. 395, Cheonglim Interactive (2003)
A study on several problems related to the application of statutory interest rates under the Act on Special Cases concerning Litigation Promotion: With a focus on Supreme Court decisions – Mudeung Chunchu No. 5, Gwangju Bar Association (1997)