Daeryun Law Firm launches joint task force between Korea and the United States on U.S. tariff refunds... All-round support for export companies

Cooperation with SJKP, one-stop service from administrative procedures to litigation

With a large-scale customs duty refund lawsuit becoming visible following the U.S. Supreme Court's recent ruling on mutual tariff violations, Daeryun Law Firm announced on the 3rd that it has launched the ‘Korea-US Joint Task Force on Tariff Refunds’ to support preemptive rights relief for domestic export companies.

Currently, in the United States, movements surrounding judicial relief are in full swing, centered on large importers such as Costco and FedEx. In fact, it is known that there are about 1,800 direct lawsuits (Court Filing) cases filed with the U.S. Court of International Trade (CIT). Since the lukewarm attitude and time-consuming administrative procedures of the U.S. Customs and Border Protection (CBP) cannot be trusted, the intention is to boldly skip them and obtain a clear refund order from the court.

Domestic companies exporting to the United States are also paying close attention to preemptive legal action. In particular, about 6,000 Korean companies that exported under the ‘Delivery on Duty Paid (DDP)’ method, in which all taxes, including customs duties, are borne directly by the exporter, can request refunds directly from the U.S. customs authorities, increasing the need for professional legal support for them.

Accordingly, through this TF, Daeryun plans to resolve the practical difficulties faced by DDP exporters and present a one-stop solution so that tariffs that have lost their legal basis due to the unconstitutional ruling can be quickly returned.

First, we will immediately implement the optimal administrative relief roadmap for each company in line with the US Customs Service's 'Liquidation' schedule, which is a key watershed in the refund process. This is because settlement of the 10% universal tariff has already begun in the middle of last month, and settlement of the 15% reciprocal tariff is scheduled for June, so an agile response is essential. Accordingly, the TF plans to closely analyze each company's import customs clearance date and quickly perform customized refund procedures required by period, from Post-Settlement Report (PSC) before settlement to Protest after settlement.

In addition, unexpected regulatory risks that arise during the refund process are thoroughly blocked. In accordance with the recently mandated Electronic Customs Refund (ACH) regulations, we plan to provide a practical bypass so that domestic companies without US accounts can safely transfer refunds through the process of designating a third party agent.

In particular, Daeryun plans to provide a ‘global one-stop’ service with SJKP, a local law firm in the United States. Currently, SJKP is carrying out various cases related to customs duty refunds. Based on cooperation with SJKP, Daeryun eliminates duplicate fees by carrying out cases directly without an intermediary law firm, and provides close support for integrated legal services ranging from preliminary administrative procedures to CIT litigation at a reasonable cost.

The TF will be headed by attorney Kyung-won Yoon, a former chief prosecutor. In addition, attorney Shin Jong-soo, head of the Corporate Advisory Center of the Corporate Legal Group, and customs experts Myung Jae-ho and Kim Dae-ryun joined to enhance expertise. U.S. attorneys Daeryun Son Dong-hoo and Won Jeong-yeon and SJKP U.S. attorneys Tal Hirschbug, Bryce Robbins, and James Manny will also participate in the task force, reviewing strategies needed for direct litigation in the International Trade Court and closely analyzing regulatory risks.

Daeryun Kim Kook-il, CEO of Daeryun, said, “There are many domestic DDP export companies that are unable to fully exercise their legitimate right to refund due to the complex administrative procedures and physical restrictions of the U.S. Customs authorities. Through this TF, we will provide an integrated legal solution that encompasses the entire process of customs refund, and we will do our best to help our companies regain their legal rights without unnecessary costs or wasted time.”
 

Reporter Park Jun-sik parkjs@wowtv.co.kr

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Korea Economic TV - Daeryun Law Firm launches joint ROK-US TF on US tariff refund... All-round support for export companies (link)
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Seoul Newspaper - Daeryun Law Firm launches joint ROK-US TF on US tariff refund... Support for rights relief for export companies (link)
Sejeong Ilbo - Daeryun Law Firm launches joint task force between Korea and the United States on U.S. tariff refunds... All-round support for export companies (link)
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