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Korea to welcome foreign accountants
Dec 08, 2005
December 08, 2005 ĪŅ Korea plans to open its accounting market to foreign companies in 2007 as part of efforts to become a key financial center in Northeast Asia, the Ministry of Finance and Economy said yesterday.
The ministry also said it will step up efforts to nurture the local asset management business and open its stock market on a step-by-step basis.
"If we focus on improving our competitiveness in our strong fields such as asset management, bonds and other derivative markets, it will result in development in other areas like foreign exchange markets in the process," a ministry official said.