Kim Young-sik Re-elected as Chairman of Hangong Association: "The Next 2-3 Years Are a Crucial Period That Will Determine the Future"

[Asia Economy Reporter Lee Jung-yoon] Kim Young-sik, chairman of the Korean Institute of Certified Public Accountants (KICPA), has succeeded in his reappointment and will continue his term for another two years.

Chairman Kim was elected as the 46th chairman with 59.5% of the votes at the 68th regular general meeting of KICPA held on the 15th.

There were a total of 19,989 members eligible to vote, of whom 65.12% participated. Kim received 7,744 votes, while Na Cheol-ho, the candidate for vice chairman, received 5,273 votes. For vice chairman and auditor positions, Jeong Chang-mo (Samduk Accounting Corporation), the current KICPA auditor, and Moon Byung-moo, an accountant at Mirae Accounting Corporation, were elected. The election was conducted through both electronic and on-site voting.

Kim Young-sik, born in 1957, graduated from Korea University Business School and joined Samil Accounting Corporation in 1978. From 2009 to 2014, he served as the head of the tax and audit division at Samil Accounting Corporation and became CEO in 2016. He led Samil Accounting Corporation for over four years thereafter.

During his previous term as KICPA chairman, Kim successfully established the new External Audit Act. He is also recognized for various achievements, including calculating standard audit hours based on the characteristics of each company to promote accounting reform.

KICPA is a statutory organization established to enhance the rights, improve duties, and promote the development of over 24,000 certified public accountants. It is also entrusted by financial authorities with responsibilities such as supervision and guidance, including inspections.

Chairman Kim stated, "I believe the next two to three years will be a critically important period that will determine the future of our industry," adding, "I will promptly reorganize the executive team and address the numerous pending issues in accordance with the will of our approximately 25,000 members."

This content was produced with the assistance of AI translation services.