In a recent interview with Mr Lee Byungrhae (이 병 래 ), Secretary General of XBRL Korea and Vice Chairman of the Korean Institute of Certified Public Accountants, he highlighted the pivotal role of XBRL expansion in fortifying global trust, addressing the “Korea discount,” (international valuation gap) and enhancing corporate transparency.
After announcing at COP26 that the International Sustainability Standards Board (ISSB) would have a global presence, last week the Board took a step towards expanding its existing world-wide footprint by confirming that a Beijing office will open in mid-2023.
Speaking at the International Conference of the Korean Accounting Association, Professor Yoon Jae-won of Hongik University’s Business School offered insights on the need for accounting reform and investment in digital reporting.
At a recent forum the Financial Services Commission (FSC) Vice Chairman Sohn Byung-doo called on industry players to ‘open up their data assets as much as possible’ to enable innovation in financial services.
In a speech at the opening of Online Korea Fintech Week Korea’s Financial Services Commission (FSC) chairman Eun Sung-soo outlined the regulator’s plans to peruse digital and big-data based innovation. The plan is designed to support the government’s “New Deal” project to accelerate the adoption of digital technologies across the economy. The regulator plans to […]
South Korea’s Financial Services Commission (FSC) has announced the imminent launch of the country’s first data exchange – which will serve as a platform for data providers and users to buy and sell data. The launch came close on the heels of the National Assembly relaxing regulations on the use of personal data and should […]
Korean Language Labels for the IFRS Taxonomy are now available. XBRL taxonomies are modular definitions that can include labels in many different languages. This capability allows the automatic translation of disclosed reporting captions from the original language of the preparer to any or all target languages for which those labels have been developed. Official translations […]
XBRL Korea Annual Conference 14 April 2016 Seoul, Korea XBRL Korea, the Korea Accounting Institute and the KICPA are examining the impact on business reporting by AI and other trends such as Big Data in detail. The event will also identify opportunities for using structured data in conjunction with these emerging technologies to enhance the value […]