Samjong KPMG Holds Seminar on Accounting, Tax, and Business Advisory for Japanese Companies

Reviewing Key Management Issues, Including AI-Based Ways to Improve Work Efficiency
“Companies Need to Proactively Respond to the Changing Business Environment”

Samjong KPMG said on October 15 that it had held a “Seminar on Accounting, Tax, and Business Advisory” the previous day at POSCO Tower Yeoksam in Gangnam-gu, Seoul, for representatives of Japanese companies operating in Korea.

The seminar was held to help Japanese companies respond effectively to changing business environments at home and abroad. It analyzed major regulatory changes and recent issues in accounting, tax, and customs, and discussed ways to improve work efficiency using artificial intelligence (AI).

About 100 executives and employees of Japanese companies attended the event. They examined issues with a direct impact on corporate management, including revisions to accounting standards in Korea and Japan; tax audits and transfer pricing; the global minimum tax and this year’s major proposed tax law revisions; customs audit trends and new systems; and AI-based ways to improve work efficiency.

Samjong KPMG held a seminar for representatives of Japanese companies at POSCO Tower Yeoksam in Gangnam District on the 14th. Samjong KPMG

In the audit session, Executive Director Jeong Changil, Director Kim Seonguk, and Director Hong Sehwa discussed “Accounting Revisions in Korea and Japan and Their Impact,” outlining recent changes to accounting standards in both countries and key considerations for financial reporting and business management.

The tax advisory session focused on tax issues that Japanese companies operating in Korea should note. Managing Director Hwang Hana outlined key areas of focus in recent tax audits and ways for Japanese companies to manage tax risks, while Managing Director Park Sujeong discussed major transfer pricing issues and key points for responding to tax audits. Managing Director Baek Cheonuk presented precautions for global minimum tax filings and key areas for companies to review in advance in light of tax changes in Korea and abroad, including this year’s major proposed tax law revisions.

In the customs session, Managing Director Kim Mincheol discussed customs administration and audit trends, as well as major regulatory changes, under the title “Recent Customs Audit Trends and an Introduction to New Systems.” He also explained customs risks that may arise during Japanese companies’ import and export processes and practical ways to address them. Executive Director Park Changnam gave a presentation titled “Ways to Improve Work Efficiency Using AI,” outlining how companies can boost work productivity and respond effectively to the changing digital environment.

Jeong Changil, an executive director at Samjong KPMG, said, “Japanese companies need to respond not only to changes in accounting standards, tax systems, and customs regulations, but also to changes in the work environment driven by technological advances, including AI.” He added, “Drawing on our expertise in accounting, tax, finance, consulting, and other fields, Samjong KPMG will support Japanese companies’ operations in Korea and continued growth, and provide tailored services that keep pace with the changing business environment.”

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