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Subject | Appointment of the 8th Chair of Korea Accounting Standards Board |
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Date | 19 Feb 2020 |
File |
200219_Press_Release_Appointment_of_the_8th_KASB_Chair.pdf
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In the general meeting of member organizations held on 19 February 2020, the Korea Accounting Institute (KAI) appointed Eui-Hyung Kim, current Chair of the Korea Accounting Standards Board (KASB), as the 8th Chair and CEO of the KASB. Chair Eui-Hyung Kim has been reappointed for a further term of three years from 1 March 2020 to 28 February 2023.
The Government (Financial Services Commission) delegated the duty of setting and amending accounting standards to the KASB. The KASB will focus on institutional soft-landing of IFRS implementation as well as participation in the standard setting process and education of IFRS.
Background of the reappointed Chair is as follows:
Chair Eui-Hyung Kim
Academic Achievement
MA, Finance, Seoul National University
BA, Economics, Seoul National University
Career in Accounting Profession
Executive member of PwC Korea
CEO of PwC Consulting
Member of Korea Accounting Standards Board
Member of Korea Fair Trade Commission
Qualifications
Member of the Korean Institute of Certified Public Accountants (KICPA)
Member of the American Institute of Certified Public Accountants (AICPA)
END
About the KASB
The KASB is an independent private organization established on 1 September 1999 with the mission 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 KAI
The Korea Accounting Institute (KAI) was established as an umbrella organization of the KASB.
Press enquiries:
Hyun-duck Choi
Senior Director
Korea Accounting Standards Board
Tel: +82-2-6050-0166
Fax: +82-2-6050-0170
E-mail: hdchoi@kasb.or.kr
Jae-Ho Kim
Director
Korea Accounting Standards Board
Tel: +82-2-6050-0175
Fax: +82-2-6050-0170
E-mail: jhkim@kasb.or.kr