Baker McKenzie & KL Partners have announced the establishment of a new tax practice in Korea, recruiting experienced tax professionals John Kwak and Doug Suh to spearhead the venture. The joint venture law firm aims to enhance its capabilities in handling the complexities faced by multinational corporations and local enterprises in varied tax demands. More details are available on Bloomberg Tax.
Kwak joins the firm as a partner, specializing in representing multinational corporations in tax audits, tax litigation, dispute resolution, transfer pricing, and mergers and acquisitions tax structuring. He also focuses on corporate tax and transfer pricing challenges for foreign companies operating in Korea, alongside resolving complex tax disputes and regulatory issues for Korean companies expanding abroad.
Doug Suh, whose areas of focus include transfer pricing, advance pricing agreements, and mutual agreement procedures, will play a crucial role in navigating the intricacies of cross-border tax matters. The firm’s announcement on Baker McKenzie’s website highlights the enhanced service offerings designed to meet the evolving tax needs of clients in the region.
This strategic expansion underscores the firm’s commitment to bolstering its tax practice in Korea, offering comprehensive local and cross-border tax solutions to a broader client base. The collaboration between Baker McKenzie and KL Partners leverages the strengths of both firms, aiming to deliver robust legal expertise in the ever-evolving landscape of international tax law.