Korean insights & regulatory updates - issue 14: January 2025

Introducing our new insights & regulatory updates for January 2025!

This publication highlights important changes for your business, including annual amendments to tax laws as well as changes in minimum wages and parental leave.

Check out our issue 14 for updates on the following key areas:

Tax updates:

  • Corporate Income Tax Act
  • International Taxes Act
  • Inheritance Tax and Gift Tax Act

HR & Payroll updates:

  • Minimum wages and parental leave

Audit & accounting updates:

  • Strengthening of XBRL support for financial listed companies, and amendment of K-IFRS
  • Amendments of K-IFRS 1021 the effects in F/X rates, and K-IFRS 1109 and K-IFRS 1107 financial instruments
  • Revision of review standards and application guidelines on internal control over financial reporting
  • Plans of FSS to implement XBRL

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

Documents

Issue 14: January 2025
제 14호: 2025년 1월

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