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Since the government increased the yearly certification quota for accountants to more than 1,000 in 2019, over 1,000 newly certified accountants have entered the Korean market annually.
Since the government increased the yearly certification quota for accountants to more than 1,000 in 2019, over 1,000 newly certified accountants have entered the Korean market annually.
A recent report on Korea's online payment markets underscores the need for building a strategic partnership and providing differentiated services on the part of payment companies. Currently, online payment services in Korea are provided by a wide variety of parties, including credit card companies, big tech firms, fintech companies, telecommunications companies, online shopping malls and more.
In matters of corporate accounting management, Korean corporations turn out to have particular weaknesses regarding internal money controls and irregularities caused by high-ranking management officials.
Samsung Electronics has selected Samjong KPMG as its external auditor for the next three fiscal years. It is the first time ever that the accounting firm has been selected as the external auditor of the nation's largest company by market cap. The announcement came as a surprise to the local accounting industry, as it is also the first time in decades that Samsung Electronics voluntarily selected an accounting firm that is not Samil PwC as its external auditor.