[New Release] Corporate Success Know-How Learned Through Case Studies

Core Know-How Every Corporate CEO Must Know,
All in One Book

The author (Yang Hee-jung), who has worked as a wealth manager and center director at Kyobo Life Financial Planning Center for 20 years, consulting numerous corporate CEOs, has published 'Corporate Success Know-How Learned Through Cases,' which contains core strategies for corporate management.

Most small and medium-sized enterprise CEOs often start their businesses without prior knowledge of civil law, commercial law, tax law, accounting, and other essentials required for corporate management. Many cases involve starting as sole proprietors and transitioning to corporations as the business grows, leading to unexpected problems due to lack of preparation.

This book explains the essential matters that must be known throughout the corporate lifecycle, from establishment to operation and exit strategies, focusing on practical cases. It addresses major issues commonly experienced by CEOs during corporate management.

Representative cases include legal and tax risks arising during the process of resolving hidden shareholders due to ignorance of the criteria for incorporators, and situations where temporary payments during corporate operation are regarded as the CEO’s ‘personal debt,’ resulting in disadvantages.

The issue of temporary payments imposes a heavy burden on the CEO to repay with personal assets, and if resolved through illicit means, it can lead to tax audits and large tax penalties. Many companies overlook this and face unexpected financial and legal problems.

This book systematically explains essential corporate management issues by dividing them into ▲shareholder composition at the time of incorporation ▲corporate operation (corporate tax savings, resolving hidden shareholders, managing temporary payments, preparing retirement benefits, utilizing insurance products) ▲exit strategies (business succession, sale, liquidation). It compares and analyzes various solutions and their associated taxes and risks to help readers make more rational choices.

With a total of 308 pages, the book fully contains the practical know-how the author has directly experienced in the field for over 20 years. It will be an essential reference not only for corporate CEOs but also for professionals responsible for corporate consulting.