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.
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.