Speaker A
If things continue like this, you may no longer receive the benefits that have reduced inheritance taxes by billions of won when passing on your company.
Tax accountant Bo Kyung-mi explains the 2026 South Korean tax law amendments impacting business succession and inheritance tax benefits.
Key Takeaways
- The 2026 tax law amendment makes business succession tax benefits more restrictive and less advantageous.
- Early preparation and strategic asset management are crucial to minimize inheritance tax liabilities.
- A government review committee will scrutinize succession claims, increasing the risk of disqualification.
- Certain industries are excluded from family business inheritance deductions, requiring careful eligibility checks.
- Utilizing the current tax-free thresholds and understanding new CEO service requirements can help secure benefits.
What the video covers
- The 2026 tax law amendment significantly reduces benefits for business succession, making inheritance tax deductions less favorable.
- Tax accountant Bo Kyung-mi shares insights from over 10 years of experience and hundreds of CEO succession plans.
- A new review committee will evaluate inheritance and gift tax filings, potentially rejecting some business succession claims.
- Eligible business sectors for family business inheritance deductions are being narrowed, excluding many industries like franchises, hospitals, and transport.
- The amendment introduces stricter requirements for CEO tenure and business asset ratios to qualify for deductions.
- The special gift tax provision is now seen as disadvantageous by many, causing some to avoid it.
- Taxpayers are advised to act quickly before July 1st, 2025, to secure current tax advantages.
- Strategies such as converting non-business assets and making use of the 1 billion won tax-free gift limit are recommended.
- The amendment imposes a registration requirement and a 30-year CEO service condition with alternatives for qualification.
- The lecture emphasizes practical case studies and preparation steps to protect companies under the new law.
Chapters
- 00:00Introduction and Importance of Succession Tax Benefits
- 02:09Overview of 2026 Tax Law Amendments
- 05:47Challenges and CEO Reactions to Amendments
- 09:27Details on Tax-Free Gift Limits and Asset Management
- 10:21Explanation of New Review Committee and Procedures
- 13:07Changes in Eligible Business Sectors
- 15:28Strategies for Protecting Business Succession Benefits
- 17:17Summary and Practical Recommendations
Full Transcript — Download SRT & Markdown
Speaker A
. Today, we have prepared a special lecture by tax accountant Bo Kyung-mi, who has spent the last 10 years specializing in succession and personally designing succession plans for hundreds of CEOs. I will point out, one by one, what you need to prepare
Speaker A
This is because the 2026 tax law amendment turns the business succession system against entrepreneurs.
Speaker A
I feel comfortable here because I see many familiar faces, as we have been working on many contracts with Tax Lab recently. It’s definitely better than giving a lecture in the middle. Yes. So , I came here feeling quite relaxed
Speaker A
Today, we have prepared a special lecture by tax accountant Bo Kyung-mi, who has spent the last 10 years specializing in succession and personally designing succession plans for hundreds of CEOs.
Speaker A
difficulties we've faced during recent consultations and the key points for securing contracts regarding the amended content. First, let me tell you about the contents of the amendment. As you all know, it has changed for the worse, and that seems to really
Speaker A
I will point out, one by one, what you need to prepare and in what order, using actual case studies.
Speaker A
point. Yes. I don't think they are here right now. I asked why they weren't going through with the special gift provision, and they said they weren't doing it because it has become too disadvantageous. They felt the business inheritance deduction had become so
Speaker A
If you watch until the end, you will clearly find the answer to how to protect your company.
Speaker A
this point. Fortunately, they had almost no non-business assets. There were only some advance payments and about 500 million won in time deposits.
Speaker A
I feel comfortable here because I see many familiar faces, as we have been working on many contracts with Tax Lab recently.
Speaker A
account, and buy necessary goods.""I know that if I quickly secure and purchase items like inventory, this will all disappear," they said.
Speaker A
It’s definitely better than giving a lecture in the middle.
Speaker A
taxes either." But under current laws, there are these advantages, and it won't be as good after July 1st of next year, so there's no reason not to do it . When I said there's no tax, they responded, "Oh, then shall we give it a
Speaker A
Yes.
Speaker A
later during the family succession deduction, so why should I pay taxes now when the family succession deduction means no tax at all?" So we just tell them to do it up to 1 billion won. Since there's no tax, if you give
Speaker A
So, I came here feeling quite relaxed today.
Speaker A
It's echoing, right? Yes. Should I lower it a bit? Yes. Is it okay now? Yes. Yes. Let me tell you about the amendment. I'll just speak without the lecture notes for now. So that you can focus on me. Yes. If I use
Speaker A
I understand that you already have some knowledge about business succession and have consulted with me quite a bit as well.
Speaker A
know-how. I think they'll definitely need a patent. They plan to create a review committee to evaluate these things. They even plan to review and approve it only after the inheritance tax has been reported. This is a preposterous system that the government
Speaker A
I will start with the basics, and within what I can share, I will do my best to explain the difficulties we've faced during recent consultations and the key points for securing contracts regarding the amended content.
Speaker A
Because they could potentially fail the review. If it's just a simple wholesale business where we buy products and sell them, there's no specialized know-how.
Speaker A
First, let me tell you about the contents of the amendment.
Speaker A
Anyway, franchises are now excluded, and the government proposal states that if income from real estate, interest, or dividends is the primary source, you'll be disqualified from the family business inheritance deduction during the review. And they've adjusted the eligible business sectors. They listed
Speaker A
As you all know, it has changed for the worse, and that seems to really resonate with the CEOs when you are consulting with them.
Speaker A
those tiny, fine-print lists of excluded industries, right? Things like hospitals, marts, bus or taxi transport , parking lots, and warehouses—if your scouting team targets these, your success rate will likely go up. As you all know. So I heard other groups are
Speaker A
I actually accompanied someone from Tax Lab to Incheon today, and as soon as we sat down, they said, "We decided not to use the special business succession gift tax provision."
Speaker A
difficult. In that case, you should explain that since there is no tax on the first 1 billion won, it's still advantageous even if a tax bill arises later. This approach is particularly effective for companies with real estate or those expecting a significant
Speaker A
That was the starting point.
Speaker A
A review committee is to be established , where taxpayers must file their inheritance or gift tax and submit supporting data. I was actually shocked when I saw this. It means they have to report it. What if they get rejected?
Speaker A
Yes.
Speaker A
gift tax. Yes. So these are the details , and I'm sure more specifics will come out later. It will be supplemented. But anyway, the current government proposal includes this absurd review committee.
Speaker A
I don't think they are here right now.
Speaker A
Then they say they can't provide an answer. Because they lack the manpower. Yes. Or they say they can't do it because they are backlogged with work during that period. Or they say, "We don't determine the business category." "Make the judgment yourself and file it
Speaker A
I asked why they weren't going through with the special gift provision, and they said they weren't doing it because it has become too disadvantageous.
Speaker A
But if you look closely now, it is designed to cover almost every industry . As you probably know from looking at it, the businesses eligible for the family business inheritance deduction are listed in an appendix. But if you
Speaker A
They felt the business inheritance deduction had become so unfavorable and their sales were expected to drop next year, so there was no need to proceed.
Speaker A
thought that almost everything was covered, but that part is now being deleted. And since only 727 items will be listed, it means it is being significantly scaled back. You can look at it that way. And now, the period is
Speaker A
I persuaded that CEO who spoke like that.
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government proposal. Then we should go find companies that have been operating for up to 19 years. Naturally. Yes.
Speaker A
In any case, I told them there is no tax on up to 10 billion won.
Speaker A
Like this, yes. Now then, yes. It would be good to schedule appointments and go talk to them.
Speaker A
I explained it using this point.
Speaker A
Oh, that is not it. Since a registration requirement has been newly added, the requirement is half of the total period, and 15 years for the 30- year period, that is how it has come out. So you don't need to be the CEO
Speaker A
Fortunately, they had almost no non-business assets.
Speaker A
You are talking about the inheritance deduction, right? Yes. Yes. Then it seems okay to just be an executive for half of the time. Yes. There is a requirement to serve as CEO during the period of managing the family business.
Speaker A
There were only some advance payments and about 500 million won in time deposits.
Speaker A
Uh. Yes. The 30-year requirement is satisfied by meeting one of two conditions. Either you serve as CEO for half of the total period, or you serve for at least 15 years out of the last 30 years, whichever one. Previously it
Speaker A
So, we can resolve the advance payments with STF, and the CEO knew the time deposits very well because they had consulted on it so much.
Speaker A
Yes. Then, if you go to companies that have not met them, tell them to do it quickly. Even if it is not specifically for the family business inheritance deduction, you should tell them that if things proceed according to this
Speaker A
They said, "I know I can just break these time deposits, keep it in a regular savings account, and buy necessary goods."
Speaker A
company at least two years prior, but it has now changed to five years. Since it's five years, they need to come in early. They must join the company early and receive management training so that when the owner passes away, they can
Speaker A
"I know that if I quickly secure and purchase items like inventory, this will all disappear," they said.
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resident for at least six months, and also join the company early. Yes. If you explain these things, clients are very grateful, and at the very least, it helps secure the next meeting. Yes.
Speaker A
That’s what they told me.
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Previously, only business-use land directly utilized for the family business was eligible. And non-business land was originally not eligible for family business succession gift tax or inheritance tax deductions. So, when we work with companies that hold a lot of
Speaker A
So, the content I prepared is about the ratio of business assets after we finished the consulting and cleared all the temporary payments—it reached nearly 90%.
Speaker A
way. The revision aims to put a stop to that. With this amendment, the previous allowance of three to seven times the building's footprint has been reduced to two to three times. It's now two times for the capital region. And three
Speaker A
So I told the CEO, "Just do 1 billion won, I don't want you to pay taxes either."
Speaker A
that a monetary limit has been set for the deduction. It's 10 million won per square meter, so if the land is very large, the non-business assets can emerge from this amount. Yes. So this will also significantly decrease.
Speaker A
But under current laws, there are these advantages, and it won't be as good after July 1st of next year, so there's no reason not to do it.
Speaker A
retail, it was possible to switch from selling lumber to selling furniture. Because it was allowed within the large "wholesale and retail" category. But now, you cannot change the business sector at all. It's not allowed even within the same major category. Instead
Speaker A
When I said there's no tax, they responded, "Oh, then shall we give it a try?"
Speaker A
they will review it by comprehensively considering changes in the economic environment and market demand, the possibility of utilizing existing technology, and the potential for workforce succession. Yes. That's how it came out.
Speaker A
That's how it turned out.
Speaker A
, so let's do it quickly." Also, I get asked this a lot, and it seems many people misunderstand: if your main industry is a qualified industry and your secondary industry—the main industry being the one with higher sales when a company operates two
Speaker A
As you've likely experienced, running it this way—the tax-free bracket—really works well.
Speaker A
industry, manufacturing, was maintained for 10 years, they granted it for all business assets, but with this amendment, if the secondary industry is a non-qualified industry, you must keep separate books. They amended it to say they will create separate books and not
Speaker A
If taxes come into play, we can rethink it.
Speaker A
If it is a qualified industry, they do grant it. Yes. They do grant it. Yes. But regardless, there could be companies where the secondary industry is a non-qualified one. Yes. I can't think of one right offhand, but maybe real
Speaker A
People often ask, "It's not like the tax disappears entirely, and they say it gets settled later during the family succession deduction, so why should I pay taxes now when the family succession deduction means no tax at all?"
Speaker A
greater. The ratio of business-unrelated assets, yes, and general gift tax, so anyway, the hassle of having to keep separate accounts has been created. If there is a secondary industry and it's not a qualified one, look at your business type or discuss
Speaker A
So we just tell them to do it up to 1 billion won.
Speaker A
moving forward quickly. Yes. Anyway, since people are often confused about non-qualified industries, I mentioned it once more. Yes. The calculation method for the family business succession deduction limit has changed; instead of the previous cap of 60 billion won based on the business
Speaker A
Since there's no tax, if you give up to 1 billion won to your children, their share increases, which allows for dividends anyway.
Speaker A
Regardless, this is a family business inheritance deduction, so I don't think it's something we need to worry about too much. Since it's done after one has passed away. Yes. Also, the post-management period for the family business inheritance deduction will
Speaker A
Yes.
Speaker A
that was not met. Yes. This is the government's proposal that has been released. And the post-management requirements for the family business inheritance deduction and the special tax treatment for family business succession via gift are different. But many people seem to get them confused.
Speaker A
I wanted to share this approach with you.
Speaker A
Especially things like maintaining the number of employees, maintaining employment, and not disposing of more than 40%of business assets. They often think this is the post-management requirement for the special gift tax treatment. So, they think they can't use the special gift tax treatment
Speaker A
Isn't this echoing a bit?
Speaker A
tax treatment doesn't have many requirements. You just have to maintain the business type, not close the company, and the child's shareholding ratio must not decrease; although now, after 5 years, the child can dispose of shares. However, it means forfeiting
Speaker A
Can you hear me clearly?
Speaker A
this, especially since we do a lot of capital reduction by retirement of shares; if you do the special gift tax treatment and then dispose of the gifted shares through share retirement.
Speaker A
It's echoing, right?
Speaker A
If you dispose of the family business assets. Then you can't receive the inheritance deduction, so it becomes part of the general inheritance estate.
Speaker A
Yes.
Speaker A
The son has. Then, the company gets sold. For example. Then the son receives all the proceeds from the sale . Oh, the sale proceeds are huge. Then, even if you pay the inheritance tax 20 years later based on the value from the
Speaker A
Should I lower it a bit?
Speaker A
That the business succession tax deduction won't apply. If you do a share buyback for retirement, for instance, you shouldn't dispose of it.
Speaker A
Yes.
Speaker A
employees or total wages must not fall below 90%of the pre-inheritance levels. So, this is the biggest factor.
Speaker A
Is it okay now?
Speaker A
moving some personnel there, or quickly transferring non-deductible business types to the new corporation. If you meet a CEO who is ill, or when the heir does not work in the family business, or when the business type changes, but
Speaker A
Yes.
Speaker A
But as I mentioned earlier, it has changed so that changing the business type unconditionally leads to a clawback, but it is excluded from clawbacks if approved by the committee, even if it's a change to a different major category. Let me explain the
Speaker A
Yes.
Speaker A
related to the family business, receive it as a succession gift, and leave the rest alone. They even think it can be separated. So, even if you tell them that, it always comes out together. Yes . A regular gift always comes out
Speaker A
Let me tell you about the amendment.
Speaker A
was applied up to 12 billion won, and a 20%rate for amounts exceeding 12 billion won, covering up to 60 billion won, but this has now been revised. The tax rates themselves haven't changed, but overall, it has become significantly less favorable. As I
Speaker A
I'll just speak without the lecture notes for now.
Speaker A
excluded industries now include marts, bus and taxi transportation, parking lot businesses, warehousing, hospitals, and pharmacies; they are no longer eligible. So, I think it would be meaningful for those in such industries to look into this and try to take
Speaker A
So that you can focus on me.
Speaker A
two to three times. This change has become very disadvantageous for companies that own a lot of land.
Speaker A
Yes.
Speaker A
have to keep separate books, as the latter will not be eligible. Yes, so you are now mandatorily required to separate them and keep separate books.
Speaker A
If I use slides, you'll just be looking down.
Speaker A
, the benefit is usually clawed back, unless it is deemed unavoidable after a review, in which case it is excluded from the clawback. I have covered all the details regarding the amendment.
Speaker A
Yes.
Speaker A
manufacturing. This is an example I always use in my lectures: we initially looked at the recent three years of sales and assumed it was a manufacturing business, but after reviewing ten years of data, we found the shift from wholesale/retail to
Speaker A
So, without slides, yes.
Speaker A
that, if the bookkeeping is done properly, the income statement will usually show whether product sales or merchandise sales are higher. You can look at it as wholesale/retail for merchandise sales, and manufacturing for product sales, so since it all
Speaker A
I will explain it to you.
Speaker A
So they were very flustered because they couldn't maintain the business type for 10 years. A contract came out, but in a way, if they had known, the contract wouldn't have come out. Yes.
Speaker A
First, the definition of a family business has been newly established.
Speaker A
I got some grief from the CEO. But it's not like we didn't have anything we could do for them. There is always a way. So we made excuses, saying we tried our best. I said the law was made
Speaker A
As you know, it's hard for companies that possess specialized technology or management know-how.
Speaker A
proposed and it might pass. But it didn't pass. Yes. Then it was during the impeachment phase, so I explained that the lawmaker couldn't reintroduce it because of the impeachment situation . Yes. I told them that, but we still
Speaker A
I think they'll definitely need a patent.
Speaker A
received the wife's shares as a gift and used that to buy the treasury stocks. And in the middle, we did a capital increase to dilute it, so we worked really hard on a 3 to 4-year plan. Yes. So, for example, the
Speaker A
They plan to create a review committee to evaluate these things.
Speaker A
Then they only paid 10 million won. In taxes. Then they had 700 million won in cash. We used that for a capital increase. Then the capital increase.
Speaker A
They even plan to review and approve it only after the inheritance tax has been reported.
Speaker A
So we had the CEO buy the treasury stock at the 700 million won valuation, and told them to wait. We promised to handle the gift tax reporting. We saved the contract, did a lot of work, and the CEO was satisfied. Yes. There was a
Speaker A
This is a preposterous system that the government has proposed.
Speaker A
you need to be careful about is, well, there's no problem if the son comes to the company and works there. It doesn't matter if he's registered as a director and enrolled in the four major social insurance programs, but I was recently
Speaker A
So, for CEOs, especially in sectors like wholesaling that don't have special technology, it's easy to persuade them.
Speaker A
provide it. So I asked, and it turned out he wasn't enrolled in the four major social insurance programs. Since the son has multiple companies, he wasn't enrolled in the four major social insurance programs at the company currently receiving the special
Speaker A
Tell them to do it now.
Speaker A
Since he actually needs to be participating in management, he has to be an employee by the gift tax filing deadline, but when I asked, they said they thought the filing deadline was three months from the gift date. I was
Speaker A
Because they could potentially fail the review.
Speaker A
That would be a huge problem. Yes. So, please keep this in mind and guide them to enroll in the four major social insurance programs well in advance.
Speaker A
If it's just a simple wholesale business where we buy products and sell them, there's no specialized know-how.
Speaker A
firm ended up facing a tax penalty. But our team manager went there, discovered it, and guided them on what to do. So they were very grateful. Yes. Actually, we thought we would sign a contract with them, but the CEO said they would
Speaker A
Yes.
Speaker A
changed and we couldn't sign a contract . Well, failing to register as CEO within three years was the CEO's own mistake, but we did have a case where we advised them to register quickly.
Speaker A
We should dig into these aspects.
Speaker A
home. He told her to work as a CEO and just work from home. That is how the special gift tax provision was applied.
Speaker A
Someone who is good at this mentioned earlier that they had a very successful meeting by bringing this up.
Speaker A
for a child who isn't even working is risky, so the team leader mentioned they shouldn't proceed. We gave guidance to the CEO. The daughter really needs to be working. Since she just had a baby, they said she doesn't
Speaker A
So, you should address the newly established definition of a family business by tapping into the anxiety of the CEOs.
Speaker A
from one, but if you're managing it, it could be recognized—but if she's not working full-time and has another job, I doubt it would hold up. I got another call this morning about a son who is a successful fund manager at a brokerage
Speaker A
Anyway, franchises are now excluded, and the government proposal states that if income from real estate, interest, or dividends is the primary source, you'll be disqualified from the family business inheritance deduction during the review.
Speaker A
much less favorable after July 1st, and since holding two jobs is allowed... Since dual employment is allowed, they suggested reporting him for social insurance and having him come in on weekends to make it look like he’s managing the business, then proceeding
Speaker A
And they've adjusted the eligible business sectors.
Speaker A
they could face a lawsuit for damages later. If you consult on things incorrectly like that—anyway, I hope you avoid that, and we have plenty of other things we can help with. Yes. So please keep that in mind and proceed
Speaker A
They listed 727 specific categories; whereas before, we considered broad classifications or most sectors eligible, they've now switched to an explicit list.
Speaker A
We’ve carried out quite a few cases that way. Doing it jointly. The tax rate for business succession is the same whether one person receives it or not, but with a regular gift, there's a 50 million won deduction and the tax
Speaker A
Yes.
Speaker A
tax provision is very safe, and CEOs are highly satisfied with it, so we have a significant advantage. Compared to other types of consulting. These days, even routine bookkeeping is often done too casually. Even by bookkeeping tax accountants. But we provide reports
Speaker A
So, for restaurants, they will only grant the deduction if they are involved in manufacturing or cooking.
Speaker A
current percentage of business-unrelated assets. Then, if you cancel a time deposit, you might get flagged for holding excess cash, so we advise you to use part of it to buy inventory assets or purchase real estate needed for the family business
Speaker A
And you see those tiny, fine-print lists of excluded industries, right?
Speaker A
new corporation to handle that business . There is so much we can do, and most of it is connected to the consulting we provide. Yes. So, there’s a lot to discuss regarding business succession, and we have a strong advantage there.
Speaker A
Things like hospitals, marts, bus or taxi transport, parking lots, and warehouses—if your scouting team targets these, your success rate will likely go up.
Speaker A
policy. It keeps appearing in news articles, so most CEOs are already aware of it. So, you can discuss whether your company specifically qualifies, what the downsides are if you don't, and suggest, "Let’s take advantage of this to pay no tax on up
Speaker A
As you all know.
Speaker A
retire those treasury stocks to resolve the issue, so you could suggest working with us to gradually handle it. You could say it like that. Also, regarding shares of overseas subsidiaries, they were previously viewed as business-unrelated assets. But the
Speaker A
So I heard other groups are already planning to sort and target based on this.
Speaker A
regarding overseas subsidiaries seem settled and the NTS likely won't take issue with them, Team Leader Lee scared the company by saying that if there are no business dealings with us, they could still be classified as non-business assets. He intimidated
Speaker A
Yes.
Speaker A
business activities to ensure there are no issues. That’s how they set up a secondary consultation. Yes. So, for those, we’ll have to dive into the practical side and look at precedents to figure it out. But in any case, it
Speaker A
So, check these out—industries that qualify now but might not later.
Speaker A
They have a new corporation, but since it lacks funds, the parent company has lent it a significant amount of money.
Speaker A
But you have to be careful; if a family business inheritance deduction fails, you have to settle the taxes, which can be difficult.
Speaker A
Then, the parent company becomes a shareholder of that entity. So, the parent company ends up with a large amount of available-for-sale securities , which are non-business assets. You might not be able to proceed with the succession like this. Yes. When
Speaker A
In that case, you should explain that since there is no tax on the first 1 billion won, it's still advantageous even if a tax bill arises later.
Speaker A
withdraw funds, and emphasize how much this connects with the consulting we provide. Yes, yes. And regarding business succession, I went somewhere this morning and realized that CEOs are very positive about the tax-free 1 billion won benefit. Because they think
Speaker A
This approach is particularly effective for companies with real estate or those expecting a significant rise in stock value.
Speaker A
estate, and companies with plenty of cash are obviously easy to talk to as well. As I mentioned last time, if there's a corporation with a lot of cash and a personal rental property, and that property is even being used by
Speaker A
Because if they can't get the deduction, these industries—which qualify now but won't later—need a plan.
Speaker A
becomes the corporation's real estate, it can simply be passed on to the children. Through special gift tax exemptions for business succession or inheritance deductions. So if there is plenty of cash, I tell the CEO to buy the personal real estate. Then the cash
Speaker A
Yes.
Speaker A
really is a great solution. Ah, but... The CEO and the successor didn't really understand. This kind of talk. So they got information from Mega Info, and it was suggested to turn the rental property into a rental corporation and
Speaker A
Still, I think we should focus on companies where the stock value is expected to rise significantly in the future.
Speaker A
for the CEO and the daughter who will succeed. So I ended up reflecting on my communication skills when dealing with CEOs who aren't familiar with these concepts. Yes.
Speaker A
A review committee is to be established, where taxpayers must file their inheritance or gift tax and submit supporting data.
Speaker A
If you combine them... Because it's a rental business, ah, carryover taxation. Yes. There's also carryover taxation. Yes. Yes. Right.
Speaker A
I was actually shocked when I saw this.
Speaker A
special gift tax exemption?" They're struggling with this, but I think we failed to address that part because we were too focused on our own approach being the right one. Yes. When we explained the special gift tax exemption to the daughter who was
Speaker A
It means they have to report it.
Speaker A
of that through differential dividends? That's why I think a company with that much cash is essentially the same as a company with real estate. But the thing is, Mega Info's suggestion is to keep buying back the shares. You know the
Speaker A
What if they get rejected?
Speaker A
consideration. Yes. Anyway, I've thought about those aspects, but since the team leader is capable, I decided to let them have their way for now. Yes . We'll give them what they want, sign the contract, and then keep educating
Speaker A
Yes.
Speaker A
the company and work, the daughter could receive the shares while the son-in-law, her spouse, works and becomes the CEO; that would also meet the requirements. I think it would be good to consider this as well. There are many cases where sons-in-law work
Speaker A
In any case, the inheritance or gift tax will be decided based on the committee's review results, which is a good point to raise with CEOs.
Speaker A
consider that option too. Yes. Let’s take a short break, then. After that, we’ll have time for questions and answers.
Topics:2026 tax law amendmentbusiness successioninheritance taxfamily business inheritance deductiontax accountant Bo Kyung-miSouth Korea tax lawspecial gift tax provisiontax planningsuccession consultingtax review committee
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