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International Activities
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Contribution to the IFRSF
Contribution to the IFRSF
Introduction to the IFRSCF
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 IFRSCF Support Committe
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 2015
1) Deloitte Anjin LLC
2) Doosan Heavy Industries & construction
3) Ernst & Young Han Young
4) Financial Supervisory Service
5) GS Caltex Corporation
6) Hana Financial Group Inc.
7) HYUNDAI MOBIS CO., LTD
8) HYUNDAI MOTOR COMPANY
9) Industrial Bank of Korea
10) KB Financial Group Inc.
11) KB Kookmin Bank
12) KCC Corporation
13) KEPCO Plant Service & Engineering Co. Ltd.
14) KIA Motors Corp.
15) Korea Development Bank
16) Korea District Heating Corporation
17) Korea Electric Power Corporation
18) Korea GAS Corporation
19) KOREA HYDRO & UNCLEAR POWER CO., LTD
20) Korea Institute of Certified Public Accountants
21) Korea National Oil Corporation
22) KT
23) KT&G
24) LG Display
25) LG Electronics
26) LOTTE SHOPPING CO., LTD
27) NHN
28) POSCO
29) Samil PricewaterhouseCoopers
30) Samjong Accounting Corp.
31) Samsung C&T Corporation
32) Samsung Electronics Company.,Ltd.
33) Samsung Engineering Co., Ltd.
34) Samsung Fire & Marine Insurance Co., LTD.
35) Samsung Heavy Industries Co., Ldd.
36) Samsung Life Insurance Co.Ltd.
37) Samsung SDI CO. LTD
38) Samsung Securities Co.LTD
39) SHINHAN BANK
40) Shinhan Financial Group Co., Ltd
41) SK Hynix Inc
42) SK Telecom
43) S-Oil Corporation
44) STX corporation
45) STX Engine
46) STX Enpaco
47) STX Offshore and Shipbuilding
48) STX Pan Ocean
49) Tong Yang Securities Inc.
50) WOORI BANK
51) WOORI FINANCIAL GROUP
52) 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