Samjong KPMG to Host Seminar on "Trump 2.0 Era: National Tax, Customs, and Trade" on February 5

Samjong KPMG announced on the 20th that it will hold the ‘Trump 2.0 Era National Tax, Customs, and Trade Strategy Seminar’ for domestic companies on the 5th of next month at Amoris Yeoksam in Gangnam-gu, Seoul.

With the official inauguration of Donald Trump as the President of the United States on that day, it is expected that the strengthening of protectionism and new trade policies will have ripple effects on the global economy. As Korea has a high trade ratio, agile responses to unprecedented changes are required.

Provided by Samjong KPMG

This seminar will analyze the impact of new trade policies on domestic companies and present response strategies to strengthen corporate competitiveness. The first session will be presented by Kilwon Kang, Vice President of the Tax Advisory Division at Samjong KPMG. He will discuss the impact of the introduction of universal tariffs on national taxes and customs’ normal prices, conditions for the application of the global minimum tax, and introduce solutions for transfer pricing policy management.

In the second session, Taeju Kim, Executive Director of the Tax Advisory Division at Samjong KPMG, will explain changes in existing tax benefits such as the imposition of universal tariffs by the Trump 2nd administration, the United States-Mexico-Canada Agreement (USMCA), and the Inflation Reduction Act (IRA), as well as key contents of the U.S. Customs Law program, and will deliver response strategies for Korean companies.

Finally, Won Park, Executive Director of the Consulting Division at Samjong KPMG, will analyze the main contents of the Trump 2nd administration’s trade policies and assess their feasibility. He will also guide changes in import regulation policies, directions for the application of revised anti-dumping and countervailing duty laws, and response measures by major industries.

Haksub Yoon, Head of the Tax Advisory Division at Samjong KPMG, stated, “As the Trump 2nd administration strengthens all-out protectionism beyond existing measures against China, including the imposition of universal tariffs and the reorganization of supply chains centered on the U.S., the impact on our companies is expected to increase further.” He added, “The goal of this seminar is to support Korean companies in enhancing their competitiveness in the international trade environment by responding swiftly to the changing trade environment.”

This content was produced with the assistance of AI translation services.