EY Hanyoung Achieves 600 Billion KRW Revenue in Fiscal Year 2021... Highest Growth Among Accounting Firms

[Asia Economy Reporter Ji Yeon-jin] EY Hanyoung (CEO Park Yong-geun) announced on the 30th that its sales for the 2021 fiscal year, from July last year to June this year, increased by 18.8% compared to the previous year, reaching 628 billion KRW.

EY Hanyoung consists of Hanyoung Accounting Corporation and EY Consulting. Among them, Hanyoung Accounting Corporation recorded sales of 436.5 billion KRW, and EY Consulting and others recorded sales of 191.5 billion KRW.

This is a strong performance in the accounting audit sector, which has strengths in the digital audit field. Accounting audit sales amounted to 175.7 billion KRW, an increase of 13.3% (20.6 billion KRW) compared to the previous year, and increased 2.3 times (99.5 billion KRW) compared to five years ago, showing the highest growth rate in the industry.

As of the end of June this year, Hanyoung had 31 of the top 100 listed companies by market capitalization as audit clients. These include SK Holdings, SK Innovation, Samsung C&T, Hyundai Mobis, Hyundai Steel, LG Household & Health Care, CJ CheilJedang, Naver, IBK Industrial Bank of Korea, Korea Electric Power Corporation, Korea Shipbuilding & Offshore Engineering, and KT&G.

To support this growth centered on accounting audits, EY Hanyoung is actively expanding its certified public accountant workforce. This year, the number of new accountant hires at EY Hanyoung totaled 304, an increase of more than 40% compared to the previous year.

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