# of employees
# of members
Won 12 billion
Won 7 billion
Won 10 billion
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.
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