Contribution to the IFRSF
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
Deloitte Anjin LLC
Doosan Heavy Industries & construction
Ernst & Young Han Young
Financial Supervisory Service
GS Caltex Corporation
Hana Financial Group Inc.
HYUNDAI MOBIS CO., LTD
HYUNDAI MOTOR COMPANY
Industrial Bank of Korea
KB Financial Group Inc.
KB Kookmin Bank
KEPCO Plant Service & Engineering Co. Ltd.
KIA Motors Corp.
Korea Development Bank
Korea District Heating Corporation
Korea Electric Power Corporation
Korea GAS Corporation
KOREA HYDRO & UNCLEAR POWER CO., LTD
Korea Institute of Certified Public Accountants
Korea National Oil Corporation
LOTTE SHOPPING CO., LTD
Nonghyup Financial Group Inc.
Pan Ocean Co., Ltd.
Samjong Accounting Corp.
Samsung C&T Corporation
Samsung Electronics Company.,Ltd.
Samsung Engineering Co., Ltd.
Samsung Fire & Marine Insurance Co., LTD.
Samsung Heavy Industries Co., Ldd.
Samsung Life Insurance Co.Ltd.
Samsung SDI CO. LTD
Samsung SDS CO. LTD
Samsung Securities Co.LTD
Samsung Card CO., LTD.
Shinhan Financial Group Co., Ltd
SK Hynix Inc
STX Offshore and Shipbuilding
WOORI FINANCIAL GROUP
Yuanta Securities Korea Co., Ltd.
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