Asset Management and Succession of Family Business

Overview

In a society that increasingly values the emergence of long-standing family businesses, business succession extends beyond inheritance and gifts to encompass complex legal issues involving corporate law, tax law, and corporate governance. In response, Joowon has established a dedicated team of attorneys handling all matters related to corporate control and family business succession.

- Structured Succession Strategies

We provide comprehensive family business succession solutions that include establishing holding companies, transferring management rights, preventing and mediating family disputes over control, and advising on governance and intergenerational transfer matters. Our law firm comprehensively considers smooth intergenerational transfer of management rights, coordination of interests among family members, tax optimization during the succession process, and prevention of legal disputes.

- Inheritance and Gift Expertise

In inheritance matters, we handle will drafting, will execution, claims for compulsory portions, division of inherited property, renunciation and limited acceptance of inheritance, filing and payment of inheritance tax, and related litigation. We respect our clients’ intentions while ensuring legal validity, preventing disputes between heirs, and minimizing tax burdens.

For gifts, we provide legal advice on drafting gift contracts, filing gift tax returns, and related legal and tax matters.

- Global Asset Management

Regarding overseas assets, we develop comprehensive management strategies that encompass tax issues, foreign real estate investment, overseas financial asset holdings, and immigration planning. We also provide legal review and advice on various wealth management tools such as trusts and other structured legal tools for wealth management.

- Long-Term Partnership

By collaborating with experts in tax, corporate, and labor law, we offer customized total solutions, focused on sustainable family business management and strengthening corporate social responsibility. Through differentiated strategies, education, and advisory services tailored to each stage of the client’s life cycle, we help maintain stable core capabilities of family enterprises in a rapidly changing economic environment.