Daeryun and KOFA to hold ‘US Tariff Refund and Trade Risk Response Seminar’ on the 7th of next month

With the U.S. Customs and Border Protection (CBP) recently launching the online Customs Refund Portal (CAPE), the refund process for approximately KRW 244 trillion (USD 166 billion) is in full swing. A seminar will be held to diagnose changes in the global trade environment and strengthen the practical response of foreign companies.

Daeryun Law Firm announced on the 22nd that it will hold a 'US Tariff Refund and Trade Risk Response Seminar for Foreign Companies' in the conference room of the Daeryun main office in Park One, Yeouido, Seoul, at 3 p.m. on the 7th of next month along with the Korea Foreign Companies Association (KOFA). Any foreign company executives or managers from related departments such as HR, legal affairs, finance, purchasing, SCM, and logistics can attend the seminar. Applications for attendance and detailed curriculum can be found on the Daeryun Law Firm website.

This seminar went beyond providing guidance on the refund application process and was designed to help build preemptive governance to respond to complex legal and contractual issues that may arise after refunds and trade pressure from the United States. At the seminar, Daeryun experts with expertise in customs and global corporate law will appear as presenters.

The seminar will be held in two sessions, and in the first part, customs expert Jae-ho Myung will give a presentation on the topic of ‘US IEEPA tariff refund system and latest practical trends.’ Commissioner Myeong is an expert who has overseen trade review and FTA consulting at major companies such as Hyundai Express and Korea Origin Information Service. It presents strategies to respond to administrative difficulties and customs screening that companies may face during the refund process.

In Part 2, foreign lawyer Son Dong-hoo (USA) will present on the topic ‘Issues after refund: Official importer structure, refund attribution, and subsequent trade risks’. Attorney Son is an investment and corporate law expert who has successfully led numerous cross-border projects, including advising global pharmaceutical companies on their entry into the U.S. market.

He explains that the opening of CBP's portal is a practical follow-up to the U.S. Federal Court's ruling that it was unconstitutional last February, and presents a scenario that foreign companies may experience. Specifically, we plan to deal in depth with practically sensitive issues such as the step-by-step application scope of the CAPE refund system, response to refund settlement disputes between headquarters and corporations, and follow-up response directions for cases excluded from CAPE.

Kim Kook-il, CEO of Daeryun Management, said, “With the operation of CBP’s portal, a practical path has been opened for importers who paid the so-called Trump tariffs to receive refunds. However, the essence that companies should pay attention to is not simply whether or not to receive refunds, but to clearly establish the legal entity to which the refunds belong and to ensure logical consistency of trade risks that will develop in the future.”

Reporter Jeong Cheol-wook

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Seoul Newspaper - Daeryun·KOFA to hold ‘US Tariff Refund and Trade Risk Response Seminar’ on the 7th of next month (Go here)
Edaily - Daeryun to hold ‘US Tariff Refund and Trade Risk Seminar’ with KOFA on the 7th of next month (Go here)
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