IFRS has been adopted by over 100 countries around the world, including EU and Australia. In line with this global trend, Korea is currently drawing up its own roadmap for convergence with IFRS in order to reform its local capital markets and enhance transparency in financial reporting.
Samil PricewaterhouseCoopers is committed to supporting global harmonisation on a single set of reporting standards and is the first to establish a team dedicated to IFRS. Our IFRS Center of Excellence (CoE) was formed in July 2005 specifically to service both Korean and international companies reporting under IFRS.
This publication is for those who wish to gain a broad understanding of the key similarities and differences between IFRS and Korean GAAP. It takes into account all pronouncements issued under IFRS and Korean GAAP as at 31 December 2005.
Copies of the publication can be obtained from our IFRS publications contact via the order form below.
