Study into IFRS adoption and capital globalisation in Korea

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20 May 2016

The Korean Accounting Standards Board (KASB) has made available another of its research reports commissioned five years after Korea adopted IFRS in 2011.

The new study investigates whether the usefulness of financial information of Korean firms has been enhanced in terms of international comparability, relevance, reliability, quality, economic substance, and accessibility following the full adoption of IFRS in Korea in 2011. It also examines whether the capital of Korean firms became more globalised, that is, whether international financing of Korean firms has increased. The study finds that due to the greater understandibility, accessibility, and comparability of the financial information provided foreign investors who had originally concentrated on large Korean firms enlarged their investment portfolios to include smaller firms since the adoption of IFRS.

Please click to access the study on the KASB website.

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