Forvis Mazars in Korea joins hands with overseas offices for ‘energy-infrastructure’ drive

Forvis Mazars in Korea (Sebit Accounting Corporation) is strengthening its advisory services in the energy and infrastructure sectors, capitalizing on the strengths of its “global one-firm" model by collaborating with overseas offices. Through this approach, Forvis Mazars in Korea aims to provide comprehensive services—including Financial Due Diligence (FDD), Tax Due Diligence (TDD), tax structuring, and financial modeling—to global investors focused on renewable energy in Korea.

According to industry sources on the 23rd October, Forvis Mazars in Korea is actively ramping up its services in the energy and infrastructure sectors. They plans to partner with overseas offices to offer FDD, TDD, tax structuring, financial modeling, model review, and audits for global investors investing in Korea’s renewable energy market.

This move aligns with Forvis Mazars in Korea’s strategy to leverage the global accounting firm’s one-firm system to enhance its services. Following the restructuring of its FAS division earlier this year to broaden M&A advisory capabilities, the firm is now extending these efforts to the energy and infrastructure sectors.

In the past, Forvis Mazars in Korea has provided domestic entity establishment services, accounting, and tax advisory services for foreign investors in Korean renewable energy projects. With this new collaboration with global offices, service quality and scope have been significantly strengthened.

Forvis Mazars operates as a global top 10 accounting firm across over 100 countries under a one-firm model, offering a wide range of advisory services such as feasibility reviews, financial advisory, FDD, TDD, tax structuring, financial modeling, model review, and auditing in the energy and infrastructure sectors. The energy and infrastructure sectors are especially renowned for their top-tier integrated services, leveraging expertise primarily from the London and Australia offices.

Forvis Mazars in Korea anticipates heightened interest from foreign investors in Korea's energy and infrastructure investment market, given the government’s eco-friendly policies. This optimism comes in response to expanding investment opportunities related to large-scale offshore wind and solar projects.

As part of its efforts to strengthen energy and infrastructure services, the Australia office will visit Korea at the end of the month to actively promote these services. Meetings will be held with foreign asset managers operating in Korea, Korean energy and infrastructure-focused asset managers, and financial institutions to introduce the services available in this sector and to build a network.

[Source] The bell: https://www.thebell.co.kr/free/content/ArticleView.asp?key=202410240815259360108819