VBlogX

Country Business Reports interviews and articles by Discovery Reports

Monitoring, handling and accumulating financial assets effectively may seem like a daunting task, requiring a steady reliance on trustworthy services and sources of information. Leading accounting firm RSM Korea breaks local and international barriers throughout various enterprise sizes and industries, having provided top-notch audit and attestation services, tax, business and accounting advisory services to clients around the world for decades.

Famous for being the longest-standing accounting corporation in South Korea, RSM Korea was initially founded in 1970 as Shinhan Accounting. The company later became a member firm of RSM International – one of the world’s largest networks of accounting firms.

Boosted by multinational support and perceptive and skilful personnel, RSM Korea maximises its global resources by combining a standardised system with localised knowledge, working with RSM International to share, learn and train within the organisation. This has proven to be a key factor in the company’s journey to success.

“The staff in the international division is adept at understanding legal requirements and offers timely, accurate responses to our international clients,” says Choi Jong-man, CEO of RSM Korea.

As RSM International promotes inbound and outbound referrals, RSM Korea continuously evolves to fully comprehend its clients and serve them with expert, customised care, upholding its legacy of dependability and innovation. The company employs approximately 364 detail-oriented staff members, 205 of whom are members of the Korean Institute of Certified Public Accountants and the American Institute of Certified Public Accountants. RSM Korea’s tenacity, however, reaches far beyond these tallies.

“It is simple to measure a company through its fiscal indexes, top sales volumes or number of certified public accountants and listed clients. While these numbers are important, we specifically mind the quality and managing policies, as these are crucial factors,” Choi says. “The difference lies in the quality of the auditing firm.”

RSM Korea is the first among 180 other local auditing firms to launch an information technology (IT) division, which features optimised customer relationship management systems and additional service lines. This accelerates transactions with its large-scale clients such as Hyundai Construction. The company intends to develop this system to further upgrade its mergers and acquisitions, consulting and auditing processes.

“RSM International annually develops excellent client relationship schemes using advanced technology,” Choi says. “The international networking system is closely connected, so it’s helpful for members in different countries to use the same system to understand what the client needs.”

With the South Korean government set to implement major rigorous regulations scheduled to take effect this year, RSM Korea has kept ahead in the game. The company has already adapted its operating systems to comply with upcoming laws, fully primed to work with more of its listed clientele.

Today, RSM Korea continues to work with owner-managed businesses, public sector organisations, private individuals and more, boasting the largest number of international customers and revenue in the country. It reigns as a premier partner of choice across multiple trades, especially within the manufacturing, construction and private banking fields. The company’s international division flourishes with a 20 to 25 per cent growth rate, having audited for prominent foreign companies such as ASML Holding.

“I think it’s very important to maintain the consistency of our quality. That forms our culture. Having the same culture and standards is imperative,” Choi says. “Even in our other branches across South Korea, we use the same platforms and methods because doing so illustrates that RSM Korea and RSM International share common methodologies.”

While RSM Korea remains strongly committed to Asia, Europe and the United States, the company promises only the highest-quality and uniform financial statement auditing and business consulting services. RSM Korea outshines international standards in line with its belief: “The customer’s success is our success”.

ncG1vNJzZmivp6x7tK%2FMqWWcp51ksLDBza2psmWimr2wvtOsZpynpaPBs8WMq5ypp6KpwHDAzqmgnKtfqLy2wMdmoqiqlZZ6o8HSoqWeq6Niv6a8zqurZmpgZ31wrdGtoJyklWSAcYOYcWdqZ6Koum63zqucmqs%3D