Korean insights & regulatory updates - issue 13: October 2024

Introducing our new insights & regulatory updates for October 2024!

This publication mainly highlights important changes for your business, including recent changes in tax regulations and reporting obligations, revised laws for promoting work-life balance, and key review areas for unlisted companies and auditor opinion rights notification.

Check out our Issue 13 for updates on the following key areas:

Tax updates

Recent changes in tax regulations and reporting obligations

  • Recent regulations and rulings in relation to international transactions
  • Obligation to submit the information on foreign stock option or stock-based compensation
  • Pillar 2 GloBE (Global Anti-Base Erosion) rules: groups with in scope

HR & payroll updates

Revised laws for promoting work-life balance

  • Enhanced family leave policies
  • Reduced working hours for pregnancy and childcare needs

Audit & accounting updates:

  • Key accounting matters reviewed by KICPA for unlisted companies
  • Notice regarding the right to express opinions of a previous auditor

Please do not hesitate to contact us if you have any question.

Documents

Issue 13: October 2024
제 13호: 2024년 10월

Want to know more?