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InSik Jeong
EY 한영회계법인 이전가격 파트너, 리더
Professional Background
In-Sik Jeong is a distinguished Leader Partner in the Transfer Pricing Practice Group at EY, where he focuses on providing outstanding transfer pricing services. With over two decades of rich professional experience, Mr. Jeong has developed profound expertise in auditing, international tax, customs duty, and transfer pricing since he began his career in 2000. His extensive knowledge makes him a vital resource for both domestic and international multinational enterprises navigating the complex landscape of transfer pricing and international tax regulations.
Mr. Jeong has tirelessly worked to enhance the financial operations of numerous Korean-based enterprises with subsidiaries in China. His consultancy efforts have been instrumental in the development of robust transfer pricing strategies tailored to the specific needs of major Korean companies. Throughout his career, he has specialized in several critical components of transfer pricing, including documentation, planning, and securing Advance Pricing Agreements (APAs).
Among his notable contributions, Mr. Jeong's representative cases highlight a wide array of services that encompass global and domestic planning, audit defense, and comprehensive TP documentation across various industries. His dedication to excellence in transfer pricing is evident in his successful engagements with key stakeholders such as the Internal Revenue Service (IRS) and the State Administration of Taxation (SAT) in China.
Education and Achievements
In-Sik Jeong earned his Bachelor's degree in Economics from Sogang University, where he laid the foundation for his profound understanding of complex economic principles that underpin many aspects of transfer pricing and international taxation. This academic background, combined with his practical experience, has equipped him with the tools necessary to navigate the multifaceted challenges presented in his field.
Throughout his career, Mr. Jeong has exhibited a commitment to continuous learning and sharing knowledge through teaching. He has served as a guest professor in a transfer pricing training course for Korean Tax and Customs Authority officials, contributing to the capacity building of tax professionals in South Korea. His role as a professional counsel for the Ministry of Strategy and Finance's Base Erosion and Profit Shifting (BEPS) supporting Centre further underscores his influence and expertise in the field.
Achievements
- Transfer Pricing Planning: Mr. Jeong has successfully led transfer pricing planning for major Korean multinational corporations (MNCs), ensuring that they remain compliant with global tax regulations while optimizing their tax strategies.
- Domestic and International TP Documentation: He has developed extensive and detailed transfer pricing documentation that spans various industries, including specializations in royalty agreements and service documentation.
- Audit Defense: He has played a crucial role in defending Korean subsidiaries of U.S. and European MNCs against transfer pricing audits, providing strategic insights and expert guidance that has led to favorable outcomes.
- Advance Pricing Agreements (APAs): His work has included securing bilateral APAs with both U.S. and Chinese tax authorities, helping clients navigate complex international tax frameworks.
- Guest Lecturer and Mentor: Through his engaging and educational presentations, Mr. Jeong has shaped the understanding of transfer pricing principles and practices among government authorities and peers alike.
In conclusion, In-Sik Jeong stands out as a leading expert in the transfer pricing arena, with a wealth of experience that empowers his clients to tackle the challenges of international tax with confidence. His proactive approach to transaction planning, compliance, and documentation has firmly established him as a pivotal figure in the landscape of transfer pricing consulting, particularly for Korean enterprises in the global market.
