Korea Federation of Women CPAs and Korea Women Startup Association Sign MOU to Support Growth of Women Startups

The Korea Federation of Women CPAs and the Korea Women Startup Association announced on June 5 that they have signed a Memorandum of Understanding (MOU) to support the growth of women startups at the Korea Institute of Certified Public Accountants building.

At the 'Business Agreement Ceremony to Support the Growth of Women Startups' held on the 5th at the Korea Institute of Certified Public Accountants Building, Eunjung Lim, President of the Korea Women Startup Association (left), and Youngsook Lee, President of the Korea Women Certified Public Accountants Association, are posing for a commemorative photo. Photo by Korea Women Certified Public Accountants Association

This agreement was initiated to provide expertise in accounting, taxation, and finance that women startups need during their growth process, and to establish a foundation for collaboration between the startup ecosystem and accounting professionals.

The two organizations also plan to work together to identify the professional competencies required in the startup field and to develop training and expert development programs that reflect these needs.

Youngsook Lee, President of the Korea Federation of Women CPAs, said, "Recently, the demand for accounting and financial expertise has been increasing in various areas of the startup scene, such as attracting investment, government-supported projects, and corporate valuation. I hope this agreement will serve as a meaningful starting point that connects the growth of women startups with the expansion of new professional fields for women CPAs."

Eunjung Lim, President of the Korea Women Startup Association, stated, "Accounting and finance are crucial factors that determine the sustainability of a company during its growth process. I hope that this agreement will enable women startups to receive more specialized support."

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