The Korea Accounting Institute (KAI, Chair: Han Yi) held its board of directors meeting on 4 May 2023 and announced the appointment of a new non-standing member of the Korea Accounting Standards Board (KASB): 

Jae Won Yoon
Professor, Hongik University

The newly appointed board member will set, revise, and interpret Korean accounting standards during her 3-year term beginning on 10 May 2023. Career and academic backgrounds of the new board member are as follows:

Name Jae Won Yoon
Company Hongik University
Academic Achievement
Bachelor's Degree in Business Administration, Korea University
Master's Degree in Business Administration, Korea University
Ph.D. in Business Administration, Accounting major, Korea University
Career in Accounting Profession
Vice President, Korean Accounting Association
Chairperson of Insurance Accounting Division and Diversity and Inclusion Committee, Korean Accounting Association
Member of Financial Supervisory Service Advisory Committee and Financial Reporting Advancement Task Force, Financial Supervisory Service
Corporate Reviewer and Listing Examiner, Korea Exchange
Judge (Non-standing), Tax Tribunal
Member of Tax Advisory Committee and National Property Management Advisory Council, Ministry of Economy and Finance
Senior Researcher, Korea Accounting Standards Board
Chairperson of the Audit Committee, Shinhan Financial Group


END


About the KAI

The Korea Accounting Institute (KAI) is an independent private organization established on 1 September 1999. It is an umbrella organization of both the KASB and the KSSB. 

About the KASB

Since its establishment on 1 September 1999, the KASB has been mandated to set and revise accounting standards in Korea. The Board is committed to enhancing the quality of financial reporting by providing high quality accounting standards that are on a par with internationally accepted accounting standards. The KASB consists of 9 board members (2 of whom are full-time) who are professionals from the private sector.

About the KSSB

Since its establishment on 25 November 2022, the KSSB has been mandated to support setting and revising of sustainability disclosure standards in Korea. The KSSB consists of 7 board members (2 of whom are full-time) who are professionals from the private sector.



Press enquiries:

Hyun-duck Choi
Executive Director
Korea Accounting Standards Board
Tel: +82-2-6050-0166
Fax: +82-2-6050-0170
E-mail: hdchoi@kasb.or.kr

Jae-Ho Kim
Senior Director
Korea Accounting Standards Board
Tel: +82-2-6050-0175
Fax: +82-2-6050-0170
E-mail: jhkim@kasb.or.kr