[Exclusive] Im Jae-hyun Appointed as New Commissioner of Korea Customs Service

Expected to be announced as early as the 26th
'Tax Expert' with key positions including Tax Policy Division, Corporate Tax Division, and Property Consumption Tax Policy Officer

[Image source=Yonhap News]

[Asia Economy Reporter Jang Sehee] It has been reported that Lim Jae-hyun, Director of the Taxation Office at the Ministry of Strategy and Finance, has been nominated as the new Commissioner of the Korea Customs Service. Director Lim is a seasoned tax official who has exclusively handled tax affairs at the Ministry of Strategy and Finance.

According to ruling party sources and the Ministry of Strategy and Finance on the 26th, Director Lim is expected to be appointed as the Commissioner of the Korea Customs Service through the Blue House as early as today.

Director Lim graduated from Yonsei University with a degree in Economics and entered public service by passing the 34th Administrative Examination. Since then, he has held key positions in the Taxation Office, including Head of the Consumption Tax Division, Head of the Corporate Tax Division, Head of the Income Tax Division, Head of the Tax Policy Division, Director of Property and Consumption Tax Policy, Director of Income and Corporate Tax Policy, Director of General Tax Policy, as well as a standing judge at the Tax Tribunal.

Under the Moon Jae-in administration, he led major tax reforms such as the overhaul of property taxes including holding tax, financial tax reforms, and the expansion of the Earned Income Tax Credit (EITC) and Child Tax Credit (CTC).

The promotion and transfer of the Director of the Taxation Office (Grade 1) has also energized the internal atmosphere. A Ministry of Strategy and Finance official stated, "There was a severe personnel bottleneck in the Budget and Taxation Office, but at least the blocked personnel movements seem likely to be resolved."

Kim Tae-joo, Director of General Tax Policy (35th Administrative Examination), is reportedly the leading candidate to succeed as Director of the Taxation Office.

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