The Korea Accounting Institute (KAI, Chair: Han Yi) held its board of directors meeting on 13 September 2023 and announced the appointment of a new non-standing member of the Korea
Accounting Standards Board (KASB):

Jeong-Hyeok Park
Chief Accounting Officer, Samsung Life

The newly appointed board member will set, revise, and interpret Korean accounting standards during his 3-year term beginning on 16 September 2023. Career and academic backgrounds of the new board member are as follows:


Name Jeong-Hyeok Park
Company Samsung Life
Academic Achievement
B.A. Sung Kyun Kwan University
MBA. Iowa State University
Career in Accounting Profession
Chief Accounting Officer, Samsung Life
Member, Korean Sustainability Standards Advisory Group
Visting Technical Fellow, Korea Accounting Institute
Member, Global Preparers Forum, IFRS Foundation
Member, Transition Resource Group for IFRS 17, IASB

 
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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