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Excerpted from the Korea Career Guide

South Korea has a strong, stable financial system that is likely to weather current global economic uncertainties. Its currency is expected to remain in surplus, according to the International Monetary Fund (IMF). Foreign reserves are high, and short-term debt is low.

However, the World Economic Forum recently ranked South Korea 24th in global competitiveness, noting ongoing weaknesses in its institutions, labor market efficiency and financial market development. In response to the WEF, Korea has eased licensing procedures in an effort to encourage foreign financial services firms to do business there.

Areas of Job Promise

Financial firms in South Korea did not increase headcount for the most part last year. Instead, new hires have been largely to replace departing staff. This trend is likely to continue. However, when replacing people, employers in accounting and finance hired finance professionals with new skills. Firms sought candidates who could perform strategic duties, such as planning and analysis, in addition to traditional skills.

Financial Services

With banks, insurance and financial services firms hiring mostly to replace departing staff, finance professionals have been very cautious about changing jobs. Recruiting processes for the positions that have existed have taken longer than in the past. Hiring by insurance companies has been relatively active.

Organizations and Trade Associations

Korean Institute of Certified Public Accountants (KICPA)
http://kicpa.or.kr/index.html (Korean, English)
The Korean Institute of Certified Public Accountants (KICPA) was formed in 1945 with a membership of only 12 CPAs. Over the past few decades, KICPA has grown to be a professional organization representing 13,300 CPA members, providing them with resources and support to enable them to perform services in the highest professional manner.

185-10, KICPA Building
Chungjeongro-2-ga, Seodaemoon-gu
Seoul, Korea 120-012
Tel: +82--2-3149-0266
Fax: +82--2-3149-0289
Email: global@kicpa.or.kr


Mae-II Economy News
http://www.mk.co.kr (Korean, English, Chinese)
Mae-II Economy News was founded in 1966. The focus of this newspaper is the economy. The web version provides news and services on various topics, such as finance, accounting, stocks, funds, business, real estate and jobs. Mae-II Economy News aims to combine online and offline media in order to provide better news to the reader.

MaeiI Economy News
Maekyung Media Center
30, Pil-dong 1-ga, Jung-gu
Seoul, Korea 100-728
Tel: +82-2-2000-2114
Email: Mkmaster@mk.co.kr

This is just a sample of what you'll find in the complete Korea guide.

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