YOON&YANG

As international trade and foreign exchange transactions expand, international trade-related risks under the Customs Act, the Foreign Exchange Transactions Act, the Foreign Trade Act, and other related laws and regulations are also rapidly increasing. Yoon & Yang’s Customs and International Practice consists of attorneys, certified public accountants, certified customs brokers and certified tax accountants with in-depth expertise and pragmatic experience in their respective fields. Based on the collaboration of our professionals, our Practice offers integrated services and comprehensive solutions to a full range of matters associated with customs valuation, customs audits, customs appeals, customs-related investigations and criminal defense. Our Practice also assists multinational companies in designing and implementing effective risk management strategies addressing transfer pricing, foreign exchange, and other customs-related issues under the Customs Act and the Foreign Exchange Transactions Act, and authoritative interpretations from the Ministry of Economy and Finance.
In the context of international trade, China, India, and Southeast Asian countries as well as the United States and the European Union conduct anti-dumping, countervailing duties, and safeguard investigations of imported goods and impose customs duties in addition to general tariffs to protect their own domestic industries. The additional customs duties harm businesses by undermining their competitiveness in the respective markets. Furthermore, if a company establishes an overseas presence or invests overseas and the government of the investment destination acts unreasonably, it is often difficult to obtain remedies from courts of such jurisdiction. In these circumstances, the most realistic and effective measure a company can take is to seek remedies through the investor-state dispute mechanism under a free trade agreement or bilateral investment treaty.
Yoon & Yang’s Customs and International Trade Practice assists domestic and foreign companies to ensure their protection under free trade agreements and bilateral investment treaties. In particular, our International Trade Practice actively aids domestic and foreign companies in responding to anti-dumping, countervailing duties, and safeguard investigations and obtaining remedies through investor-state dispute mechanisms. Furthermore, our Practice provides consulting services to domestic companies so that they can take advantage of free trade agreements and bilateral investment treaties in expanding their overseas businesses.