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Contribution to the IFRSF

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Introduction to the IFRSF

  • The International Financial Reporting Standards Foundation(IFRSF) located in London, UK, is a not-for-profit organization that governs the IASB and its relevant groups(eg. IFRIC and IFRS AC) through the authority of appointment of IASB Board members and budget approval.

Introduction to the IFRSF Support Committee

  • Korea increased the amount of financial contribution to the IASCF from 2007 for the purpose of successful implementation of IFRS in Korea and enhancement of our influence and position in terms of IFRS endorsement process. To facilitate the fund-raising activity, IASCF Support Committee (Chairman: Su-Keun Kwak, dean at the business school of Seoul National University) was established on 29 May 2007.

List of the companies which pledged to donate as of 31 December 2020

  1. Celltrion Inc.
  2. Deloitte Anjin LLC
  3. Doosan Heavy Industries & construction
  4. Doosan Infracore
  5. Ernst & Young Han Young
  6. Financial Supervisory Service
  7. GS Caltex Corporation
  8. Hana Financial Group Inc.
  9. HYUNDAI MOBIS CO., LTD
  10. HYUNDAI MOTOR COMPANY
  11. Industrial Bank of Korea
  12. Kakao Corp.
  13. KB Financial Group Inc.
  14. KB Kookmin Bank
  15. KCC Corporation
  16. KEPCO Plant Service & Engineering Co. Ltd.
  17. KIA Motors Corp.
  18. Korea Development Bank
  19. Korea District Heating Corporation
  20. Korea Electric Power Corporation
  21. Korea GAS Corporation
  22. KOREA HYDRO & UNCLEAR POWER CO., LTD
  23. Korea Institute of Certified Public Accountants
  24. Korea National Oil Corporation
  25. KT
  26. KT&G
  27. LG
  28. LG Display
  29. LG Electronics
  30. LOTTE SHOPPING CO., LTD
  31. NHN
  32. Nonghyup Financial Group Inc.
  33. Pan Ocean Co., Ltd.
  34. POSCO
  35. Samil PricewaterhouseCoopers
  36. Samjong Accounting Corp.
  37. Samsung C&T Corporation
  38. Samsung Electronics Company.,Ltd.
  39. Samsung Engineering Co., Ltd.
  40. Samsung Fire & Marine Insurance Co., LTD.
  41. Samsung Heavy Industries Co., Ldd.
  42. Samsung Life Insurance Co.Ltd.
  43. Samsung SDI CO. LTD
  44. Samsung SDS CO. LTD
  45. Samsung Securities Co.LTD
  46. Samsung Card CO., LTD.
  47. SHINHAN BANK
  48. Shinhan Financial Group Co., Ltd
  49. SK Hynix Inc
  50. SK Telecom
  51. S-Oil Corporation
  52. STX corporation
  53. STX Engine
  54. STX Enpaco
  55. STX Offshore and Shipbuilding
  56. WOORI BANK
  57. WOORI FINANCIAL GROUP
  58. Yuanta Securities Korea Co., Ltd.
  59. Korea Accounting Standards Board (KASB)

Bureau of IFRSF Support Committee

  • Address: Korea Chamber of Commerce and Industry Bldg. 4th Floor, 39 Sejong-daero, Jung-gu, Seoul, Korea
  • Tel: (+82-2)6050-0160
  • Fax: (+82-2)6050-0170
  • E-mail: sjjeon@kasb.or.kr