YOON&YANG

Jeongsu Park Partner

TEL 82 2 6003 7798
FAX 82 2 6003 7017
E-MAIL jspark@yoonyang.com

Jeongsu Park is a partner at Yoon & Yang LLC. His main practice areas include tax consulting, tax trial, tax litigation and administrative litigation, etc.
Mr. Park earned his LL.B. at Seoul National University College of Law and completed the LL.M. coursework at Seoul National University Graduate School of Law. After completing his legal training at the Judicial Research and Training Institute (27th class), Mr. Park began his career in 2001 as a judge at the Daejeon District Court. Afterwards, he served as a judge at the Incheon District Court, Seoul Northern District Court, Seoul Administrative Court and Seoul High Court. He built his expertise in tax issues while working as a judicial researcher of the tax joint research team of the Supreme Court in 2011. He also served as a presiding judge and researching judge at the Changwon District Court and presiding judge at the Busan District Court and Uijeongbu District Court and retired as a presiding judge of the Seoul Southern District Court. Currently, he is the head of Yoon & Yang LLC’s Tax Practice Group and Administrative Litigation Practice Group.

Experience

2018-present Yoon & Yang LLC
2020-present Arbitrator, Korean Commercial Arbitration Board
2020-22 Legal Advisor, Korea Land & Housing Corporation
2018-20 Adjunct Professor, Seoul National University School of Law
2018-20 Tax Law Advisor, National Tax Service
2017-18 Presiding Judge, Seoul Southern District Court
2015-17 Presiding Judge, Uijeongbu District Court
2014-15 Presiding Judge, Busan District Court
2014 Presiding Judge and Researching Judge, Changwon District Court
2013-14 Presiding Judge, Changwon District Court
2011-13 Judicial Researcher (taxation group), Supreme Court
2010-11 Judge, Seoul High Court
2008-10 Judge, Seoul Administrative Court
2006-08 Judge, Seoul Northern District Court
2004-06 Judge, Incheon District Court
2003-04 Judge, Cheonan Branch of Daejeon District Court
2001-03 Judge, Daejeon District Court
1998-01 Judge Advocate

Education

2006 Seoul National University Graduate School of Law (LL.M. course completion)
1998 Judicial Research and Training Institute
1995 Seoul National University College of Law, LL.B.

Representative Matters

[Tax Disputes]

Represented a tobacco company in litigation seeking cancellation of imposition of value-added tax and a criminal case regarding tax evasion
Represented a steel company in litigation seeking cancellation of imposition of resident tax in relation to environmental pollution of the place of business and the relevant constitutional appeal
Handled litigation seeking cancellation of imposition of gift tax in relation to valuation of unlisted stocks
Handled litigation seeking cancellation of imposition of corporate income tax in relation to a large-scale development project
Handled litigation seeking cancellation of imposition of value-added tax in relation to calculation of input tax for a business subject to tax exemption

[Tax Advisory]

Advised on transfer income tax and withholding tax, etc. in relation to sale and purchase of virtual assets
Advised on reduction of acquisition tax under the Act on Restriction of Special Taxation for Project Finance Vehicles
Advised Korean Air on the Liquor Tax Act
Advised on corporate income tax in relation to payment of royalties for use of trademarks between affiliates
Advised Fine Partners on business structure and ownership restructuring of affiliated company for stake inheritance
Advised on family business succession of Daejin

[Administrative Disputes]

Handled litigation seeking cancellation and suspension of enforcement of disciplinary actions, e.g. reprimand or warnings, etc., against an employee of a financial institution
Represented Medytox in litigation seeking cancellation and suspension of enforcement of the disposition to cancel permission of items
Represented Jin Air in a hearing in relation to the disposition to cancel air transport business license
Represented an insurance company in litigation seeking cancellation of organizational warning, etc.
Represented Jin Air in litigation seeking cancellation of imposition of penalty
Represented Korean Air in litigation seeking cancellation of imposition of penalty
Represented Hite Jinro in litigation seeking cancellation and suspension of enforcement of the correction order on exaggerated advertisements
Handled litigation seeking cancellation of disposition to deny approval of a plan for housing construction project
Handled administrative trial on the disposition of denying a building permit
Represented a medical corporation in litigation seeking cancellation of the disposition to postpone payment of medical care benefits

Awards

National Leader, Corporate Tax, Who's Who Legal (2022-2023)

Publications

Requirements and Standards for Determination of Allowances under the Value Added Tax Act: Supreme Court Decision 2013Du19615 rendered on December 23, 2015 – (2016) Collection of Research Papers from the Advanced Judge Training Course: Major Issues of Litigations Concerning Professional Areas (Taxation/Intellectual Property Rights/Labor), Judicial Research and Training Institute (2017)
Scope and Method of Calculation of “Post-Import Benefits” Added to Dutiable Value of Imported Goods – Tax Law Precedents, Pakyoungsa (2016)
Whether a Payment Notice for Additional Taxes Which Fails to Specify Tax Amount for Each Type of Additional Taxes and to Identify the Calculation Basis Is Illegal - Explanation on Supreme Court’s Judicial Precedent vol. 93, Supreme Court Library (2013)
Whether the Latter Part of Article 15(1) of the Enforcement Decree of the Former Corporate Tax Act (between amendment on December 30, 2003 under Presidential Decree No. 18174 and amendment on February 9, 2006 under Presidential Decree No. 19328) Is Against the Principle of No Taxation Without Law and Should Be Deemed Invalid - Explanation on Supreme Court’s Judicial Precedent vol.93, Supreme Court Library (2013)
Whether a Company’s Receipt of Tax Invoice from a Person Who Is Not a “Person Engaged in an Act of Transaction to Supply Goods” Is Subject to Imposition of Additional Taxes on Failure to Receive Documentary Evidence under First Part of Article 76(5) of the Former Corporate Tax Act - Explanation on Supreme Court’s Judicial Precedent vol. 92, Supreme Court Library (2012)
Transfer Value and Acquisition Value in Exchange – Trial Data Book 120: Study on Practices in Administrative Lawsuits III, Supreme Court Library (2010)