Korea Accounting Standards Board Appoints Park Jeong-hyeok, Samsung Life Accounting Expert, as Non-Standing Member

The Korea Accounting Standards Board held a board meeting and announced on the 13th that Park Jeong-hyeok, an accounting expert at Samsung Life Insurance, has been appointed as a non-standing member of the Accounting Standards Committee.

Park's term will run from the 16th of this month until September 15, 2026. Park holds a U.S. Certified Public Accountant license and serves as an accounting expert in the Finance Team of the Management Support Office at Samsung Life Insurance. He is also active as a member of the International Accounting Standards Board (IASB) Global Preparers Forum (GPF). Additionally, Park has served as an invited research fellow at the Korea Accounting Standards Board, a member of the Sustainability Disclosure Standards Advisory Committee, a member of the IASB Insurance Standards (TRG), and vice president of the Insurance Accounting Division and Industry-Academia Cooperation at the Korean Accounting Association.

Meanwhile, the Korea Accounting Standards Board was established on September 1, 1999, as an independent private deliberative and decision-making body responsible for establishing and revising corporate accounting standards in South Korea. It is composed of a chairman, standing members, and seven non-standing members.

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