New Standing and Non-standing Members Appointed to KSSB

The Korea Accounting Institute (KAI, President: Han Yi) held its board of directors meeting on 14 February 2024 and the general meeting of member organisations on 23 February 2024 and announced the appointment of a new standing member and two new non-standing members of the Korea Sustainability Standards Board (KSSB). 

The KAI revised its articles of association as of 4 December 2023 to appoint a dedicated standing member of the KSSB with eligibility and expertise to exclusively oversee the KSSB duties and add two non-standing members to the Board in order to enhance its diversity.

In particular, the newly appointed non-standing members are accomplished female professionals from corporate and legal backgrounds. This appointment is intended to bolster both the gender balance and expertise within the Board. 

Standing Member:

Woung Hee Lee
Executive Director, KAI/KSSB

Non-standing Members:

Jane Nam
Executive Vice President, SK SUPEX Council

Hye-Sung Kim
Attorney, Kim&Chang

The newly appointed board members’ 3-year term begins on 26 February 2024. Career and academic backgrounds of the new board members are as follows:

Name Woung Hee Lee
Company KAI/KSSB
Academic Achievement
B.A. Hankuk University of Foreign Studies
M.S.A. Naveen Jindal School of Management, University of Texas at Dallas
KICPA & USCPA (California)
Professional Experience
Executive Director, KAI/KSSB
Advisory Member of Government Accounting and Finance, KPIF
Advisory member of ESG Research Committee, KICPA
IASB Project Leader
PWC, EY, EY Consulting

Name Jane Nam
Company SK SUPEX Council
Academic Achievement
B.A. Yonsei University
Professional Experience
Executive Vice President, Social Value Planning & Coordination Team, SK SUPEX Council
Vice President, Investment Team 1, SK SUPEX Council
Vice President, Social Value Planning & Coordination Team, SK SUPEX Council
Team Leader, SCM Team, SK LUBRICANTS

Name Hye-Sung Kim
Company Kim&Chang
Academic Achievement
B.A. Seoul National University (LL.B., summa cum laude)
Judicial Research and Training Institute of the Supreme Court of Korea 
Harvard Law School (LL.M., requirements completed, degree waived) 
Harvard Law School (S.J.D.) 
Professional Experience
Attorney, Kim & Chang 
International Attorney, Cleary Gottlieb Steen & Hamilton, New York
Member, Corporate Review Committee, Korea Exchange
Member, ESG Advisory Committee, Korea ESG Research Institute 
Member, Switching Stock Market Advisory Committee, Korea Exchange 
Member, Corporate Restructuring Plan Review Committee, Ministry of Trade, Industry and Energy
Outside Director, Doosan




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:

Jae-Ho Kim
Executive Director
Korea Accounting Standards Board
Tel: +82-2-6050-0175
Fax: +82-2-6050-0170
E-mail: jhkim@kasb.or.kr
    Sung-Ho Joo
Technical Director
Korea Accounting Standards Board
Tel: +82-2-6050-0176
Fax: +82-2-6050-0170
E-mail: sung-ho.joo@kasb.or.kr