Park Jae-hyuk is a seasoned journalist who has provided comprehensive coverage of South Korea's corporate dynamics, economic policies, industry challenges and the global positioning of Korean companies. Based on the articles he has written since joining The Korea Times in 2016, his investigative approach has helped readers understand corporate governance, economic trends and business strategies shaping South Korea’s economy.
Samil PwC CEO to lead KICPA
Samil PwC CEO Kim Young-sik waves a flag at the Korean Institute of Certified Public Accounts (KICPA) headquarters in Seoul, Wednesday, after he was elected as the institute's new president. / Courtesy of KICPA
By Park Jae-hyuk
By Park Jae-hyuk
Samil PwC CEO Kim Young-sik has been elected as the next president of the Korean Institute of Certified Public Accounts (KICPA), to represent 22,000 certified public accounts over the next two years.
The KICPA said Wednesday he won the election as he gained 4,638 of the 11,624 votes.
This was the institute's first electronic vote, so some expected former lawmaker Chae Yi-bai would benefit from a high voter turnout.
However, Kim defeated Chae, who got 3,800 votes, and three other candidates ― Deloitte Anjin Vice Chairman Chung Min-keun, Shinhan Accounting Corporation managing partner Choi Jong-man and Chung-Ang University professor Hwang In-tae ― despite the record-high voter turnout.
Born in 1957, Kim joined Samil PwC in 1978 after graduating from Korea University.
He became the CEO of the nation's leading accounting firm in 2016.
He is supposed to step down in late June as the company appointed Yoon Hoon-soo to take over as CEO on July 1.
Before the election, Kim promised to establish a knowledge-sharing platform, reduce the number of newly certified public accounts and finalize the accounting reforms.
“I will ensure the KICPA brings happiness to our members,” he said at that time.