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Only 16% of South Korean companies ready for K-IFRS 1118

Verifying
  • EY Han Young surveyed 124 attendees on companies’ readiness for K-IFRS 1118.
  • K-IFRS 1118 preparation was complete at 16% of respondent companies.
  • The standard takes effect January 1, 2027, requiring five income-statement categories.
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Only 16% of South Korean companies ready for K-IFRS 1118 - CoinPost Terminal