Grand Korea Leisure and Korea Racing Authority Hold Internal Control Integration Seminar

Explanation on Internal Accounting Control and Business Management Control

Grand Korea Leisure (GKL) announced on the 22nd that it held an internal control system seminar with the Korea Racing Authority (KRA).

Grand Korea Leisure (GKL) and Korea Racing Authority internal control officers are taking a commemorative photo after finishing the seminar.
[Photo by GKL]

The internal control system refers to 'internal accounting control,' which aims to protect corporate assets and maintain the timeliness and reliability of accounting records, and 'operational control,' which aims to prevent and promptly detect fraud and errors within the company, as well as to enhance the efficiency and effectiveness of operations through management's compliance with policies and regulations.

The event proceeded in the following order: ▲Opening remarks by the heads of both organizations and the presentation of Risk Manager (RM) appointment certificates ▲Lecture on 'The Necessity and Methodology of Internal Control' by Attorney Yoon Yong-hee ▲Lecture on 'Understanding the Internal Accounting Control System' by Accountant Jang Hong-seok ▲Group discussions and presentations.

Kim Young-san, President of GKL, stated, "We hope this seminar will help build an organizational culture that strengthens GKL's transparency and ensures stable operations," adding, "Going forward, GKL will continue to strive tirelessly to become a trusted public enterprise through ESG (Environmental, Social, and Governance) management."

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