• Register
Return to: Home > announcements > BDO merges firm in Korea

BDO merges firm in Korea

BDO has merged its Korean firm, BDO E-Hyun Accounting Corporation (EAC), with Sungto Accounting Corporation. The new firm will be operated under the name BDO Sungto-Ehyun Limited, with John Park as CEO.

The merger aims to expand BDO’s services to include domestic companies investing in overseas markets and deliver balanced growth across service lines, including advisory and corporate finance.

The merged firm adds three further offices in Busan, Changwon, and Daegu. It will be operating as organised single firms rather than a combination of independent firms with multiple teams.

By 2025, the firm expects a headcount of 500 professionals, revenues of KRW150bn ($132m) and triggering of additional merger activity.

The merger became effective 29 March 2019.

BDO Sungto-Ehyun Limited CEO John Park said: “Until now, Korean companies have lacked choice when seeking the right accountancy advisers for them, due to independence requirements and to dominance by our larger competitors. I am very proud to be leading a new and dynamic firm with a clear vision and strategy and which is now a very strong contender in the Korean market."

BDO’s Asia Pacific CEO Stephen Darley said: “This is a very pleasing development for BDO in Korea. The merger will add significantly to its audit credentials, particularly those required by the local regulator (FSS), placing it in good stead to benefit from the recently instituted mandatory audit rotation. The merger demonstrates the power and recognition of the BDO brand across Asia, which will assist BDO in Korea in achieving its ambitious growth targets and in providing a continuous quality service to its clients.”


Top Content

    Brazil: regulation and technology form basis for recovery

    Opportunities in the capital markets and the ever-growing influence of technology are expected to have a significant impact on the Brazilian accounting profession over the next 12 months, writes Paul Golden.

    read more

    Mentoring support and the opportunity to delegate

    Jon Lisby will be known to many from his former role as CEO of Kreston International. Here, he explains the background to his new venture, Global Alliance Advisory Services (GAAS), and how he aims to offer support to alliance CEOs.

    read more

    Global by name, global by nature

    Stephen Heathcote became chief executive officer of PrimeGlobal on 1 June 2019. Robin Amlôt met him to discuss the various new challenges that he has taken on, and his ambitions for the association.

    read more

    ARGA team, assemble!

    The new top team has been named that will see in root-and-branch reform at the Financial Reporting Council (FRC) as it transforms into the Audit, Reporting and Governance Authority (ARGA). Will the new duo be as dynamic as some are hoping? Robin Amlôt reports.

    read more


    As the Coronavirus (COVID-19) continues to spread across the world, the International Accounting Bulletin and The Accountant will be collating all the latest news and updates from the profession on the pandemic’s impact.

    read more
Privacy Policy

We have updated our privacy policy. In the latest update it explains what cookies are and how we use them on our site. To learn more about cookies and their benefits, please view our privacy policy. Please be aware that parts of this site will not function correctly if you disable cookies. By continuing to use this site, you consent to our use of cookies in accordance with our privacy policy unless you have disabled them.