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IFRS Service

    • 2007 : Announce IFRS road map.
    • 2009 : Optional early adoption. (Except financial corporations)
    • 2011 : Mandatory adoption for listed companies, companies above KRW 2 trillion required to report semi-annual and quarterly consolidated financial statements.
    • 2013 : Companies below KRW 2 trillion required to report semi-annual and quarterly consolidated financial statements.
    • Domestic listed company

      - Optional adoption from 2009, mandatory adoption from 2011
    • Financial organizations

      - Mandatory adoption from 2011
    • Public enterprise

      - Mandatory adoption from 2011

      Quasi-government organization

      - mandatory adoption from 2013

    Also, companies who need to report to global headquarters under IFRS

Special Service of Kyobo Life

  • Kyobo Life Insurance provides professional
    and high-quality IFRS service based on our expertise and several
    years of experience.

    Kyobo Life insurance was the first service provider to launch financial reporting service including K-IFRS 1019, IAS 19 and ASC 715 , and currently has experience in providing 1,000 reports to both global and domestic companies.

  • Kyobo Life Insurance is the only service provider that has 2 globally
    credentialed pension actuaries along with the largest number of actuaries.

    Kyobo Life insurance is a highly professional retirement service provider with dedicated employees for pension actuarial services. Our team includes two US credentialed actuaries (FSA (Fellow of the Society of Actuary EA (Enrolled Actuary)) with largest number of Korean actuaries in industry.

  • Kyobo Life Insurance is the only company that provides SOC (Service
    Organization Control) report (ISAE 3402 report, 舊 SAS 70 report)
    on IFRS service

    What is the “ISAE(International Standard on Assurance Engagements) 3402" service?

    “ISAE(International Standard on Assurance Engagements) 3402 “is the globally recognized standard for assurance reporting on service organization. ISAE 3402 report can replace audits on internal control over financial reporting for defined benefit plans, which will reduce time and costs from clients.

  • Request for service If you have any questions related to international
    financial standard service just submit a request and we will contact you.