# of employees
Won 12 billion
Won 7 billion
Won 10 billion
In addition, previously
Yuhan Hoesa was not subject to annual statutory external audit in Korea.
However, under the amended regulations, Yuhan Hoesa shall also be subject to
annual statutory external audit requirement starting from November 1,
2019 unless the company meets at least 3 or more of the following
conditions and deemed as a small sized company.
# of members
A standard for
large scale companies is also newly introduced in the amended regulations.
Companies having Won 50 billion or more of total assets or sales will no longer
be treated as a small sized company and become subject to annual statutory
external audit (approximately 2,000 large scale companies are expected to be
affected by this change).