EY Han Young Building a better working world
EY Han Young is the Korean member firm of EY, a global leader in assurance, tax, transactions and advisory services with 175,000 experts across 148 countries. Our well-grounded 1,300 experts with a strong commitment to quality deliver exceptional client service.
CONTENTS Vision 202002 Competitive Differentiation
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Global Network06 Services
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Assurance
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Tax
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Transactions
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Advisory
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Financial Services Organization
Entrepreneurship20 Corporate Social Responsibility22
Vision 2020
Building a better working world 2
Vision 2020 With the announcement of Vision 2020, EY has defined “Building a better working world” as the purpose for the organization. As a professional service provider, we are dedicated to enhancing the confidence in the world’s capital markets and building a better working world for our people, our clients and our communities.
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Competitive Differentiation
Highest performing team Our expert team with leading service and industry insight can deliver differentiated service. EY Han Young provides top quality service by building teams of experts equipped with industry-specific experience and knowledge. Our expert teams with insights in diverse industries including finance, energy, technology, construction and manufacturing, deliver optional solutions to your needs.
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Exceptional client service
Outstanding global network
As a professional service provider, EY Han Young
EY has achieved the most sophisticated level of
believes that providing exceptional service is our
integration as a global professional service organization.
most important competitive differentiation factor. By
Our collaboration network is more than just a formality,
staying connected with our clients, EY’s responsive
enabling experts across the world to share information
and insightful experts provide services of exceptional
and cooperate as a single organization to provide
quality.
differentiated service. In particular, a team of leading experts of respective countries is allocated to our Global 360 clients, which are designated as global leading companies, to support their global business success.
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G loba l Netwo r k
▶ US ▶ Canada ▶ Brazil
Americas VANCOUVER DETROIT TORONTO(CANADA)
SAN FRANCISCO CHICAGO
SAN JOSE LOS ANGELES
MCLEAN
NEW YORK
DALLAS IRVINE SAN DIEGO
HOUSTON
MEXICO
Global Network
SAO PAULO
EY has a robust global network consisting of 175,000 experts across 148 countries. This strong network enables us to support the global business activities of our clients. 6
▶ UK
▶ Kuwait
▶ China
▶ Germany
▶ Hungary
▶ Singapore
▶ Netherlands ▶ Russia
▶ Indonesia
▶ Sweden
▶ Vietnam
▶ Turkey
▶ India
Middle East, India, Africa
HAMBURG BERLIN
LONDON PARIS
▶ Australia
Europe,
STOCKHOLM(SWEDEN)
AMSTERDAM
▶ Japan
DUSSELDORF
Japan MOSKVA(RUSSIA)
Asia Pacific
BUDAPEST
DALIAN BEIJING
ANKARA(TURKEY)
TOKYO
SHANGHAI HANOI SHENZHEN
SINGAPORE
JAKARTA
SYDNEY
Korean Business N ㅜ etwork The Korean Business Network is operated in key locations around the world in order to provide optimized services for global business. Our local EY experts who are the most knowledgeable about the local business environment and our local Korean speaking experts work together to help you succeed in your global business.
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Services Assurance | Tax | Transactions | Advisory
EY delivers differentiated assurance, tax, transactions and advisory services to clients all over the world and operates a special organization for servicing financial firms. Learn more about EY Han Young’s diverse professional services dedicated to solving your issues and delivering better business performance.
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S
S E RVI C ES 9
Ser vices
Assurance
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Assurance EY Han Young provides top quality assurance services based on our differentiated global audit methodology. We present timely and insightful views to management, objective and transparent views to audit committees and reliable information to investors.
External Audit Services ▶▶Audit of IFRS Financial Statements ▶▶Audit of Korean GAAP Financial Statements ▶▶Audit of US GAAP Financial Statements
Overseas & Local Listings Services ▶▶Offering Circular Filing Advisory ▶▶Issuance of Comfort Letters
Internal Control over Financial Reporting Services ▶▶Implementation and Review of Internal Control over Financial Reporting ▶▶Internal Control over Financial Reporting System Update Support
IFRS Conversion and Consulting Services
FTA Consulting Services ▶▶Support Implementation of Origin Management System ▶▶Origin Verification Service
Financial Accounting Advisory Services ▶▶Support Establishment and Conversion of Holding Companies ▶▶Accounting Advisory Service for Merger, Spin-off, and Liquidation ▶▶Purchase Price Allocation under Business Combination Service ▶▶Cost Reduction Service ▶▶Business Planning & Consolidation Service ▶▶Consolidation Closing Process Innovation Service ▶▶Corporate Legal Management Service
▶▶IFRS Conversion Support ▶▶Implementation of Consolidation and Disclosure System under IFRS Support
JBS JBS: The Japanese Business Services is a professional expert group within EY that delivers a comprehensive range of services to Japanese companies with a business presence in Korea. JBS delivers exceptional services catered to clients’ needs from the initial set-up to growth stage.
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Ser vices
Tax
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Tax EY Han Young is always ready to deliver top-quality tax services anywhere in the world. Meet our competent tax experts who will help reduce tax inefficiency and risks and increase potential opportunities.
Business Tax Services ▶▶Business Tax Advisory ▶▶Tax Policy Advisory Services ▶▶Tax Controversy and Tax Litigation ▶▶Personal Tax Services
Global Compliance and Reporting Services ▶▶Corporate Income Tax Compliance ▶▶Tax Accounting & Risk Advisory Services
Financial Tax Services ▶▶Tax Advisory on Financial Business
▶▶Global Tax Planning on Outbound Structuring/Cross-border Transaction
Transfer Pricing Services ▶▶Transfer Pricing Documentation and Advisory ▶▶Transfer Pricing Controversy ▶▶Advance Pricing Agreements and Mutual Agreement Procedures
Transaction Tax Services ▶▶Tax Due Diligence and Tax Advisory Services in connection with M&A between Domestic Companies
▶▶Tax Advisory on Financial Instruments/ Transaction
▶▶Tax Due Diligence and Tax Advisory Services in connection with M&A of Overseas Companies by Korean Entities
Accounting and Tax Outsourcing Services
▶▶Tax Due Diligence and Tax Advisory Services in connection with M&A of Korean Companies by Overseas Entities
▶▶Establishment & Liquidation of Korean Entities ▶▶Tax Reporting & Financial Statements Preparation Assistance ▶▶Value Added Tax Compliance ▶▶Withholding Tax Compliance ▶▶Social Security Tax Compliance
International Tax Services ▶▶Tax Advisory on Cross-border Investment
Human Capital Services ▶▶Expatriate Tax Services ▶▶Global Immigration
Indirect Tax Services ▶▶Value Added Tax Advisory ▶▶Customs and International Trade Advisory 13
Ser vices
Transactions
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Transactions EY Han Young provides objective and integrated transaction advisory services to help our clients assess business opportunities, enhance transaction efficiency and achieve their strategic goals. We ensure top-quality transaction advisory services in various areas including M&A, strategic alliance, carve-outs, stock issuance and restructuring.
Mergers & Acquisitions ▶▶A ▶ dvisory for transaction strategy to achieve M&A objectives ▶▶Advisory for available M&A/funding options and structures ▶▶Lead advisory role in management of overall M&A transaction process ▶▶Buy-side/Sell-side negotiation assistance
Transaction Support ▶▶Buy-side/Sell-side due diligence in accounting, tax and financial areas ▶▶Commercial due diligence ▶▶Accounting and tax advisory services related to transaction structuring ▶▶Advisory services related to acquisition or disposal of non-performing loans
Valuation & Business Modeling ▶▶Transaction purpose equity & business valuation ▶▶Merger ratio calculation ▶▶Intangible asset valuation, Purchase Price Allocation (PPA), Impairment testing for financial reporting purpose ▶▶Business modeling & review
▶▶Feasibility study & Decision support services
Restructuring ▶▶Legal entity rationalization ▶▶Working capital services ▶▶Independent business review & creditor advisory ▶▶Distressed corporate advisory ▶▶Formal insolvency
Transaction Real Estate ▶▶Real estate project feasibility analysis and valuation ▶▶Real estate M&A advisory ▶▶Real estate project finance ▶▶Real estate project management/monitoring ▶▶Advisory service for the acquisition or disposal of real estate related non-performing loans
Transaction Integration ▶▶Commercial & operational due diligence ▶▶Synergy and integration due diligence ▶▶Transaction integration service ▶▶Operational advisory on carve-outs
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Ser vices
Advisory
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Advisory Companies have to reduce risks in a rapidly changing business environment, while continuing to maintain and improve performance. Our experts, who are wellgrounded in knowledge and experience, deliver services to ensure that our clients achieve measureable and sustainable performance improvement.
Performance Improvement Customer Service ▶▶M ▶ arket and Customer Strategy ▶▶C ▶ ustomer Economics Improvement ▶▶D ▶ igital Marketing and Sales Innovation ▶▶L ▶ oyalty and Synergy Marketing Strategy ▶▶M ▶ arketing and Sales Process Innovation ▶▶M ▶ arketing and Sales Solution Design
Industry Service ▶▶Global Management Operation Innovation ▶▶P ▶ roject Risk Management ▶▶P ▶ erformance Management ▶▶P ▶ rice Optimization ▶▶G ▶ lobal Benchmark Service ▶▶B ▶ ig Data Decision-making Model
Supply Chain & Operation ▶▶Supply Chain Strategy & Planning ▶▶P ▶ rocurement Innovation ▶▶S ▶ upply Chain Operation Innovation ▶▶L ▶ ogistics Innovation
Financial Management Service ▶▶Strategic Enterprise Management/ Budgeting & Business Planning ▶▶F ▶ inance Transformation ▶▶F ▶ ast Closing ▶▶M ▶ anagerial Accounting (Cost
Management/Reduction, Responsibility Accounting, Profitability Analysis, Budget Management)
IT Advisory ▶▶PI/ERP ▶▶E ▶ nterprise Performance Management System ▶▶I▶ T Strategy and Effectiveness ▶▶E ▶ nterprise Architecture ▶▶I▶ T Project Management (PMO)
Strategy ▶▶Growth Strategy ▶▶P ▶ ost-Merger Integration ▶▶E ▶ nterprise Management Innovation Strategy ▶▶H ▶ uman Resource Management ▶▶O ▶ rganization Design
Risk Business Risk Service ▶▶Risk Management System ▶▶I▶ nternal Control ▶▶I▶ nternal Audit ▶▶C ▶ ontract Risk Management Service
Government & Public Services ▶▶V ▶ ision & Strategy ▶▶O ▶ rganization Diagnosis & Design ▶▶H ▶ uman Resource Management ▶▶P ▶ erformance Management &
Management Evaluation Advisory
Climate Change and Sustainability Service ▶▶Advisory on Corporate Social Responsibility Strategy & Implementation ▶▶A ▶ dvisory on Sustainability Report/ Integration Report ▶▶A ▶ dvisory on Climate Change & Carbon Trade ▶▶A ▶ dvisory on Clean Tech ▶▶A ▶ dvisory on Environmental Public Development Aid ▶▶S ▶ ustainability Report Assurance
IT Risk & Assurance ▶▶Advisory on Information Security Diagnosis & Governance ▶▶S ▶ ervice Organization Control Evaluation & 3rd Party Report ▶▶I▶ nformation Security PMO & PI ▶▶S ▶ ecurity Assurance Advisory & Technical Diagnosis ▶▶S ▶ ecurity Legal Issue Assistance & Maturity Evaluation ▶▶C ▶ loud Security Diagnosis & Improvement ▶▶I▶ nformation System Control Diagnosis & Improvement ▶▶S ▶ oftware License Audit ▶▶I▶ nformation Security PMO & PI
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Ser vices
Financial Services Organization
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Financial Services Organization EY Han Young’s Financial Services Organization is a dedicated body designed to provide more finance-oriented professional services in the area of finance, including Banking & Capital Markets, Insurance, Asset Management and Private Equity.
Assurance Services for financial institutions
▶▶Early Warning System ▶▶Risk Adjusted Performance Management
Tax Services for financial institutions
▶▶Business Contingency Plan ▶▶Capital Adequacy and Internal Control
Advisory Services for financial institutions Performance Improvement
▶▶IFRS Consulting
Actuarial Services
▶▶Business Strategy
▶▶C ▶ ash Flow Pricing Consulting
▶▶Process Innovation
▶▶Experience Analysis System Consulting
▶▶Customer Relationship Management
▶▶Embedded Value Reporting (EEV, MCEV)
▶▶Multi Channel Strategy
▶▶IFRS4 Phase II
▶▶Big Data Strategy and Implementation
▶▶Enterprise Risk Management for Insurers
▶▶Finance Transformation
▶▶Economic Capital
▶▶IT Strategy
▶▶Solvency II
▶▶Next Generation System Master Plan Development and PMO
▶▶Asset & Liability Management
▶▶EA and Technology Consulting
▶▶Financial/Actuarial Modeling
▶▶System Implementation
▶▶Business/Marketing Strategy
▶▶Capital Adequacy and Management
▶▶Actuarial Advice (IPOs)
Risk Management
▶▶Actuarial Advice to Buyer and Seller (M&A)
▶▶Enterprise Risk Management - Market/Risk/Operation/Liquidity Risk - Business/Strategy/Reputation Risk ▶▶Stress Test Analysis
FATCA Consulting ▶▶Foreign Account Tax Compliance Act Consulting
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Entrepreneurship We at EY Han Young applaud leading entrepreneurs who have taken advantage of their unique vision, passion and challenging spirit to turn their dreams into reality. By promoting entrepreneurship across the society, we believe that we can contribute to building a healthy and vibrant economy.
Entrepreneur Of The Year EY’s Entrepreneur of the Year is a world-class business award program that is annually held in over 50 countries around the world, including Korea. Every year, winners of each country are invited to the global Entrepreneur of the Year ceremony held in Monte Carlo, Monaco to exchange opinions and discuss the significance of true entrepreneurship.
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E nt rep reneu rsh ip
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Corporate Social Responsibility EY Han Young dreams of a future where all of our employees and the overall society can pursue sustainable growth. All of our employees are involved in various
World Vision Love Lunch Box donation
volunteering activities, including the World Vision Love Lunch Box donation, Hanmaum mentor school, coal briquette of love outreach, volunteering at Raphael clinic and Habitat for humanity programs.
Coal Briquette of Love Outreach
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Environment & Sustaninability Campaign
Co rp o ra te Socia l Res p o n sibility
Habitat
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For more information about EY Han Young:
www.ey.com/kr Taeyoung Building, 111, yeouigongwon-ro, Yeongodeung Po-Gu, Seoul, Korea Seoul Office Tel
82 2 3787 6600
Fax
82 2 783 5890
Busan Office Tel
82 51 462 7308
Fax
82 51 462 4435
Service Line Extention Assurance
82 2 3787 6379
Tax
82 2 3770 0911
Transactions
82 2 3770 0899
Advisory
82 2 3787 4548
FSO
82 2 3787 6534
We are committed to help you succeed Our leading experts at EY Han Young will take advantage of our differentiated services in the areas of assurance, tax, transactions and advisory services to support your business. Explore ways with us to become a future leader led by sustainable growth.
EY | Assurance | Tax | Transactions | Advisory About EY EY is a global leader in assurance, tax, transaction and advisory services. The insights and quality services we deliver help build trust and confidence in the capital markets and in economies the world over. We develop outstanding leaders who team to deliver on our promises to all of our stakeholders. In so doing, we play a critical role in building a better working world for our people, for our clients and for our communities. EY refers to the global organization and may refer to one or more of the member firms of Ernst & Young Global Limited, each of which is a separate legal entity. Ernst & Young Global Limited, a UK company limited by guarantee, does not provide services to clients. For more information about our organization, please visit ey.com. © 2014 Ernst & Young Han Young © 2014 Ernst & Young Advisory, Inc. All Rights Reserved. APAC no. 05000091 This material has been prepared for general informational purposes only and is not intended to be relied upon as accounting, tax, or other professional advice. Please refer to your advisors for specific advice.
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