• Government Subsidy

Government Subsidy

Act on Government Subsidy Management requires a company, institution, college and any other entities who get subsidized from government to get external audit as follows:

  • Subsidized larger than 300 million won: Review report by an external accounting firm
  • Subsidized larger than 1 billion won: Auditors’ report by an external accounting firm 

*Major Clients: Seoul Small and Large Business Administration(SMBA), Gyeonggi SMBA, Korea Institute of Starup & Enterpreneurship Development(KISED), Korea Institute for Advancement of Technology(KIAT) , Korea Technology and Information Promotion Agency for SMEs(TIPA), Industry-Academic Cooperation Foundation of YNC, National Research Foundation Korea(NRF), Korea Industrial Complex Corp.(KICOX).