Advisor
TEL |
+82-2-6386-0761 |
E-MAIL |
seunghak.shin@leeko.com |
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Seung Hak Shin is a member of our Customs Group. He advises on customs and trade related matters with special focus on inspections and investigations of foreign exchange transactions, customs violations, corporate investigations, FTA investigations, operation of bonded area and product classifications. Mr. Shin worked at various Customs Offices within Korea for more than 22 years, including Seoul Customs, Incheon Customs, Incheon Airport Customs, Busan Customs, Gwangju Customs and Jeju Customs where he had handled, among other responsibilities, general customs administration work. In particular, Mr. Shin served as an investigation specialist and possesses in-depth expertise in foreign exchange investigations and investigations relating to customs violations. Prior to joining Lee & Ko, Mr. Shin worked at Deloitte Customs Korea where he advised on matters relating to client representations in customs investigations, inspection of foreign exchange transactions, corporate investigations, FTA investigations, customs and foreign exchange transaction system (including the review of legality before taxation), formal objection and request for trial.
Education
2018 |
Korea University School of Law - Tax |
1993 |
National Tax College B.A. in Customs |
Work Experience
2021-Present |
Lee & Ko |
2015-2021 |
Director of Deloitte Customs Korea LLC |
2013-2015 |
Seoul Regional Customs (Investigation Bureau) |
1993-2013 |
Incheon Regional Customs, Busan Regional Customs, Gwangju Regional Customs, Jeju Customs and other offices |
Expertise
International Trade |
Tax Ruling and Legislative Consulting |
Customs |
Customs Disputes |
Admissions
Licensed Customs Consultant, Korea(2015) |
Certified Origin Specialist (FTA)() |
Languages
Representative Cases
[Foreign Exchange Inspection, Foreign Exchange Transaction]
- Represented oil, gas, household appliances, medical equipment and cosmetics companies (both Korean and international companies) in foreign exchange inspections
- Filings for official rulings on behalf of oil, clothing and general trading companies
- Advised heavy industries, semiconductors, airlines, sporting goods and entertainment companies on foreign exchange transactions
[Inspection of Customs Violations]
- Represented electronics, medical equipment and bitcoin mining companies on possible customs violations (illegal import)
- Represented construction companies on possible violations of Customs Act and Foreign Trade Act (illegal export)
- Represented clothing and sporting goods companies on possible customs violations (customs evasion)
[Corporate Investigations]
- Represented oil, gas, medical equipment, sporting goods, trading companies in corporate investigation cases
- Represented heavy industries and semiconductor companies in comprehensive corporate investigation cases
- Advised electronics, household products, automobiles and gas companies on import duty adjustment system
- Advised oil, gas, energy and food companies on Advance Customs Valuation Arrangement of specially related persons
- Represented oil, gas, energy and food companies in proceedings for Appeal of Dissatisfaction
[Customs and Trade]
- Assisted clients on review of quota tariff and advised on improvement to quota tariff systems
- Represented clients on Pre-examination Form of Dutiable Value in light of acts performed by sales representatives
- Advised on effect on customs following a corporate merger between a distributor and household products companies
- Advised foreign invested companies on availability of exemptions when establishing a factory in Korea under the Restriction of Special Taxation Act
- Advised on customs and trade issues of the host country for companies newly entering the market
- Retainer based advice to oil, agricultural equipment, textile companies on taxability analysis
[FTA Verification, FTA Country of Origin]
- Advised energy, food products, machine tool companies on Country of Origin verifications
- Advised clients on Approved Exporter qualification requirements, acceptance of Certificate of Origin and FTA appeals proceedings
- Advised clients on Principle of Direct Transportation under FTA
- Advised automotive company on FTA applicability and preference tax rate
- Advised petrochemical company on certification for Approved Exporter status
[Bonded Area, Product Classifications]
- Advised clients on concession right to bonded area (duty free area)
- Advised clients on operation of bonded factory within the semiconductor plant
- Advised clients on whether the raw materials fall under the bonded factory raw materials
- Advised clients on adjustment of storage capacity of bonded area for distributors
- Advised clients on pre-examination of product classifications for electronic goods and household products
- Represented clients in Request for Tribunal proceedings for product classifications of electronic goods and household products
Awards and Recognitions
2008 |
Exemplary Official |
2006 |
Commendation from the Deputy Prime Minister and Minister of Finance and Economy |
Publications / Presentations / ETC
- A Study on a Reasonable Customs Valuation Method of the Bonded Warehouse Transaction (2018, Customs Valuation & Classification Institute)