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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. ....
The Financial Supervisory Service (FSS) and the U.S.-based Public Company Accounting Oversight Board (PCAOB) are currently conducting a weeks-long inspection of Samil PwC, one of the big four accounting firms in Korea, along with Samjong KPMG, Deloitte Anjin and EY Hanyoung Korea. The inspection comes as part of the two financial watchdogs regular inspection schedule. ....
Starting from next year, multinational companies such as Samsung Electronics and SK hynix, which have overseas factories or subsidiaries, are expected to face increased tax obligations. The Ministry of Economy and Finance announced on Thursday that a new law to implement the global minimum corporate tax which will require multinational enterprises to adhere to a minimum effective tax rate of 15 percent will beg. ....