1. Assets |
2. Liabilities |
3. Sales |
4. # of employees |
5. # of members |
Less than Won 12 billion |
Less than Won 7 billion |
Less than Won 10 billion |
Less than 100 employees |
Less than 50 members |
Small sized company means companies with less than Won 50 billion of total assets or sales under the relevant regulations.
If a company changes its form from Chusik Hoesa to Yuhan Hoesa after the implementing date of this regulation, the company shall be subject to the regulations for Chusik Hoesa for five years after the change.
A non-listed Chusik Hoesa is waived of annual statutory external audit requirement in Korea if the company satisfies at least 3 or more of the following conditions as of the end of immediately preceding fiscal year and is deemed as a small sized company.
1. Assets |
2. Liabilities |
3. Sales |
4. # of employees |
Less than Won 12 billion |
Less than Won 7 billion |
Less than Won 10 billion |
Less than 100 employees |