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Interest rate for related parties
Effective from January 1, 2022
In the past, only LIBOR interest rates were used, but this has changed to using various indicators.
The indicator used has changed depending on the contractual borrowing currency.
01
KRW KOFR
02
USD SOFR
03
EUR ESTR
04
GBP SONIA
05
CHF SARON
06
JPY TONA
GTI's support partner in Korea
JUDONG OH
Judong is a partner supporting the Korean section of "Global Tax Inside". He was in charge of tax affairs for foreign corporations as a senior manager at one of the Big 4 accounting firms, and is now working as an international tax partner at Daseung Tax Firm.
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