[Law Firm Now] Sejong Launches "Future Inheritance Center"... Inheritance and Succession Strategies Seminar on December 3

Kwon Yanghee Appointed as Inaugural Director Alongside Accountant Jung Youngmin
Discussions on Inheritance Planning and Tax Audit Response Strategies

Sejong Law Firm (Managing Partner Oh Jonghan) has launched the "Future Inheritance Center" to proactively address inheritance and succession issues. To commemorate the opening of the center, Sejong will also host a seminar titled "Inheritance and Succession Strategies for Future Generations" on December 3.

On November 17, Sejong announced that it had established the Future Inheritance Center to research optimal wills, inheritance, and business succession strategies for future generations and to provide professional insights spanning both practical and policy aspects. This move comes amid a complex succession environment shaped by changes in traditional family structures, an increase in individual wealth, and rapidly evolving inheritance and gift tax systems.

From the left, lawyer Kwon Yanghee, who will serve as the inaugural director of the Sejong Future Inheritance Center, and accountant Jung Youngmin. Sejong Law Firm

The launch of this center aims to proactively address inheritance and succession issues faced by high-net-worth individuals, business-owning families, and general households alike, in the context of rapid environmental changes such as the entry into a super-aged society, regulatory shifts in business succession and asset transfer, changes in the social structure of wealth and diversification of asset portfolios, and ongoing reforms to inheritance and gift tax systems.

Through the Future Inheritance Center, Sejong plans to undertake the following roles: research on inheritance, gifts, and business succession strategies for future generations; design of wills, trusts, and dispute prevention measures in response to aging and family structure changes; development of transfer strategies for atypical assets such as unlisted stocks and overseas assets; analysis of inheritance tax audits and recent case law and litigation trends; proposals for reforms to business succession tax systems and related policies; and hosting of inheritance academies and regular seminars for the general public.

Kwon Yanghee, a lawyer recognized as a top expert in family and inheritance law (former Chief Judge of the Anyang Branch of Suwon Family Court, 30th Judicial Research and Training Institute class), and Jung Youngmin, an accountant who has spent about 30 years as a tax specialist at the Board of Audit and Inspection and Kim & Chang, successfully handling over 400 tax-related cases, have been jointly appointed as the inaugural directors of the center.

Director Kwon served as a family court judge at Seoul Family Court from February 2012 to February 2016 and as a presiding judge at Seoul Family Court from February 2016 to February 2020, working as a family law specialist for eight years. From February 2024 until leaving the court in February this year, she served as Chief Judge of Suwon District Court and Anyang Branch of Suwon Family Court. She has also contributed to the writing of "Practical Guide to Court Procedures (Family Law)" and the annotated civil law inheritance section.

Inheritance and Succession Strategy Seminar for Future Generations Poster. Sejong Law Firm

Meanwhile, to celebrate the launch of the center, Sejong will co-host a seminar with the Korea Federation of Mid-sized Enterprises on December 3 at the Sejong 23rd floor seminar room in Cheongjin-dong, Jongno-gu, Seoul, under the theme "Inheritance and Succession Strategies for Future Generations." The seminar will feature in-depth discussions on key issues that must be understood throughout the entire inheritance and succession process, from inheritance planning and tax audit responses to stable succession through governance improvement.

The seminar will begin with opening remarks from Paek Jeheum, the lead attorney of Sejong's tax group and one of Korea's top tax experts (20th Judicial Research and Training Institute class). The first presentation will be delivered by Kwon Yanghee, the inaugural director of the Future Inheritance Center. Recognized as the foremost expert in family inheritance both inside and outside the courts, Kwon will speak on "Wills for Successful Inheritance," providing comprehensive solutions regarding the formal and procedural requirements and legal effects of wills, as well as key considerations for preventing inheritance disputes.

The second presentation will be given by lawyer Kim Min (2nd Bar Exam), who will discuss "Paradigm Shifts and Response Strategies in Inheritance Tax Audits." With about ten years of experience at the National Tax Service, including as head of the inheritance and gift tax litigation team, Kim has been recognized for his contributions to inheritance and gift tax litigation with a commendation from the Minister of Justice. Drawing on his practical experience, Kim will share insights on recent changes in inheritance tax audit directions and practical response strategies for taxpayers.

The final presentation will be delivered by Senior Tax Accountant Ko Yeongi, who will lecture on "Successful Business Succession and Governance Improvement." Ko, who has served as a partner in the tax division of a Big Four accounting firm and as Korea's leader in inheritance and gift tax for high-net-worth individuals, will analyze various cases where governance structures have influenced succession processes, key precedents on capital transactions, and will propose efficient governance restructuring and proactive succession planning in response to tax reforms.

Paek Jeheum, the lead attorney, stated, "Inheritance and succession are not simply procedures for transferring assets, but processes for passing on the values and philosophies of one generation to the next. I hope this seminar will provide practical help for companies and families to develop more realistic and rational inheritance and succession strategies for future generations in a changing environment."

Meanwhile, Sejong, which is emerging as a "leading inheritance law firm," continues to host specialized seminars on inheritance tax issues such as inheritance disputes, international inheritance, and gifts, and is receiving positive feedback from clients by offering tailored solutions for all aspects of inheritance and business succession to business owners and wealthy individuals.

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