IAB RANKINGS – South Korea
South Korea fee and staff tables
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| South Korea Fee 2022 | |||||||||||
| Rank | Name | Fee income (KRWbn) | Fee income last year (KRWbn) | Growth rate (%) | Fee split (%) | Year-end | |||||
| Audit & Assurance | Accounting services | Tax services | Advisory | Other | |||||||
| Networks | |||||||||||
| 1 | PwC* (1) | 763.3 | 670.6 | 14% | 33 | - | 27 | - | 40 | Jun-21 | |
| 2 | KPMG* | 620.2 | 561.5 | 10% | n.d | n.d | n.d | n.d | n.d | Mar-21 | |
| 3 | Deloitte* | 374.6 | 345.3 | 8% | 32 | - | - | - | 68 | May-21 | |
| 4 | EY* | n.d | n.d | n.d | n.d | n.d | n.d | n.d | n.d | n.d | |
| 5 | Nexia International* (2) | 141.9 | 119.2 | 19% | 57 | 6 | 12 | - | 25 | Jun-21 | |
| 6 | Grant Thornton* (2) | 116.4 | 96.5 | 21% | 57 | - | 11 | 23 | 9 | Sep-21 | |
| 7 | Crowe* | 85.6 | 77.6 | 10% | 43 | 30 | 12 | 14 | 1 | Mar-22 | |
| 8 | RSM* (3) | 66.7 | 51.4 | 30% | 63 | 8 | 14 | 15 | - | Jun-21 | |
| 9 | Baker Tilly International* | 56.1 | 51.8 | 8% | 55 | 8 | 13 | 14 | 10 | Dec-21 | |
| 10 | BDO* | 45.7 | 41.8 | 9% | 45 | 7 | 17 | 31 | - | Mar-22 | |
| 11 | Russell Bedford International* | 33.6 | 33.5 | 0% | 29 | 11 | 18 | 33 | 9 | Mar-21 | |
| 12 | Kreston Global* (4) | 30.8 | 25.6 | 20% | 28 | 15 | 21 | 23 | 13 | Oct-21 | |
| 13 | PKF International* (5) | 30.2 | 24.4 | 24% | 55 | - | 26 | 19 | - | Jun-21 | |
| 14 | HLB* (2) | 29.4 | 23.4 | 26% | 55 | 13 | 12 | 11 | 9 | Mar-21 | |
| 15 | MGI Worldwide* (6) | 22.7 | 32.8 | -31% | 34 | 4 | 34 | 28 | - | Dec-21 | |
| 16 | UHY International* | 9.2 | 9.9 | -7% | 21 | - | 11 | 67 | 1 | Dec-21 | |
| 17 | ECOVIS International* | 7.8 | 7.5 | 4% | 25 | 21 | 43 | 8 | 3 | Mar-22 | |
| 18 | Mazars* | 7.1 | 6.8 | 5% | 24 | 44 | 12 | 20 | - | Aug-21 | |
| Total revenue / growth | 2,441.3 | 2,179.7 | 12% | ||||||||
| Associations | |||||||||||
| 1 | Morison Global* (7) | 49.5 | 44.6 | 11% | 39 | 10 | 14 | 36 | 1 | Oct-21 | |
| 2 | PrimeGlobal* (2) | 32.0 | 24.1 | 33% | 50 | 21 | 22 | 7 | - | May-22 | |
| 3 | IAPA* | 31.4 | 30.5 | 3% | 30 | 15 | 20 | 25 | 10 | Dec-21 | |
| 4 | Praxity* (2) | 26.6 | 19.7 | 35% | 49 | 18 | 15 | 13 | 5 | 2021 | |
| 5 | Allinial Global* (5) | 20.6 | 16.2 | 27% | 29 | 23 | 21 | 11 | 16 | Dec-21 | |
| 6 | Integra International* (8) | 12.0 | 11.2 | 7% | 20 | - | 26 | - | 54 | Jun-22 | |
| 7 | Inpact* (e) | 11.0 | 10.2 | 8% | n.d | n.d | n.d | n.d | n.d | n.d | |
| 8 | INAA Group* | 0.8 | 0.7 | 2% | 6 | 57 | 26 | 11 | - | Dec-21 | |
| Total revenue / growth | 183.9 | 157.2 | 17% | ||||||||
| Notes: (e) International Accounting Bulletin estimate. n.d = not disclosed, n.c.= not collected, n.ap= not applicable, n.av= not available. (1) Data for last year is IAB's estimate. (2) Increase in fee income attributed to gaining audit clients. (3) Increase in fee income attributed to increase in market rates due to amendments in the external audit law as well as recruiting more skilled professionals from other firms. (4) Data for one acquired member firm included only three months fee income last year, it includes the whole 12 months data this year. (5) Increase in fee income attributed to organic growth. (6) Lost member firm(s). (7) Restated figures for last year as the figures provided previously were for the year ended December 2019. The restated figures for last year now reflect the year ended October 2020. (8) Fee income figures are estimate. *Disclaimer = Only data from the named member firm or the exclusive member firms within a network/association is included. Where data for accounting services are not disclosed, they are included in audit and assurance. Source: International Accounting Bulletin | |||||||||||
| South Korea Fee 2022 | |||||||||||
| Rank | Name | Fee income (KRWbn) | Fee income last year (KRWbn) | Growth rate (%) | Fee split (%) | Year-end | |||||
| Audit & Assurance | Accounting services | Tax services | Advisory | Other | |||||||
| Networks | |||||||||||
| 1 | PwC* (1) | 763.3 | 670.6 | 14% | 33 | - | 27 | - | 40 | Jun-21 | |
| 2 | KPMG* | 620.2 | 561.5 | 10% | n.d | n.d | n.d | n.d | n.d | Mar-21 | |
| 3 | Deloitte* | 374.6 | 345.3 | 8% | 32 | - | - | - | 68 | May-21 | |
| 4 | EY* | n.d | n.d | n.d | n.d | n.d | n.d | n.d | n.d | n.d | |
| 5 | Nexia International* (2) | 141.9 | 119.2 | 19% | 57 | 6 | 12 | - | 25 | Jun-21 | |
| 6 | Grant Thornton* (2) | 116.4 | 96.5 | 21% | 57 | - | 11 | 23 | 9 | Sep-21 | |
| 7 | Crowe* | 85.6 | 77.6 | 10% | 43 | 30 | 12 | 14 | 1 | Mar-22 | |
| 8 | RSM* (3) | 66.7 | 51.4 | 30% | 63 | 8 | 14 | 15 | - | Jun-21 | |
| 9 | Baker Tilly International* | 56.1 | 51.8 | 8% | 55 | 8 | 13 | 14 | 10 | Dec-21 | |
| 10 | BDO* | 45.7 | 41.8 | 9% | 45 | 7 | 17 | 31 | - | Mar-22 | |
| 11 | Russell Bedford International* | 33.6 | 33.5 | 0% | 29 | 11 | 18 | 33 | 9 | Mar-21 | |
| 12 | Kreston Global* (4) | 30.8 | 25.6 | 20% | 28 | 15 | 21 | 23 | 13 | Oct-21 | |
| 13 | PKF International* (5) | 30.2 | 24.4 | 24% | 55 | - | 26 | 19 | - | Jun-21 | |
| 14 | HLB* (2) | 29.4 | 23.4 | 26% | 55 | 13 | 12 | 11 | 9 | Mar-21 | |
| 15 | MGI Worldwide* (6) | 22.7 | 32.8 | -31% | 34 | 4 | 34 | 28 | - | Dec-21 | |
| 16 | UHY International* | 9.2 | 9.9 | -7% | 21 | - | 11 | 67 | 1 | Dec-21 | |
| 17 | ECOVIS International* | 7.8 | 7.5 | 4% | 25 | 21 | 43 | 8 | 3 | Mar-22 | |
| 18 | Mazars* | 7.1 | 6.8 | 5% | 24 | 44 | 12 | 20 | - | Aug-21 | |
| Total revenue / growth | 2,441.3 | 2,179.7 | 12% | ||||||||
| Associations | |||||||||||
| 1 | Morison Global* (7) | 49.5 | 44.6 | 11% | 39 | 10 | 14 | 36 | 1 | Oct-21 | |
| 2 | PrimeGlobal* (2) | 32.0 | 24.1 | 33% | 50 | 21 | 22 | 7 | - | May-22 | |
| 3 | IAPA* | 31.4 | 30.5 | 3% | 30 | 15 | 20 | 25 | 10 | Dec-21 | |
| 4 | Praxity* (2) | 26.6 | 19.7 | 35% | 49 | 18 | 15 | 13 | 5 | 2021 | |
| 5 | Allinial Global* (5) | 20.6 | 16.2 | 27% | 29 | 23 | 21 | 11 | 16 | Dec-21 | |
| 6 | Integra International* (8) | 12.0 | 11.2 | 7% | 20 | - | 26 | - | 54 | Jun-22 | |
| 7 | Inpact* (e) | 11.0 | 10.2 | 8% | n.d | n.d | n.d | n.d | n.d | n.d | |
| 8 | INAA Group* | 0.8 | 0.7 | 2% | 6 | 57 | 26 | 11 | - | Dec-21 | |
| Total revenue / growth | 183.9 | 157.2 | 17% | ||||||||
| Notes: (e) International Accounting Bulletin estimate. n.d = not disclosed, n.c.= not collected, n.ap= not applicable, n.av= not available. (1) Data for last year is IAB's estimate. (2) Increase in fee income attributed to gaining audit clients. (3) Increase in fee income attributed to increase in market rates due to amendments in the external audit law as well as recruiting more skilled professionals from other firms. (4) Data for one acquired member firm included only three months fee income last year, it includes the whole 12 months data this year. (5) Increase in fee income attributed to organic growth. (6) Lost member firm(s). (7) Restated figures for last year as the figures provided previously were for the year ended December 2019. The restated figures for last year now reflect the year ended October 2020. (8) Fee income figures are estimate. *Disclaimer = Only data from the named member firm or the exclusive member firms within a network/association is included. Where data for accounting services are not disclosed, they are included in audit and assurance. Source: International Accounting Bulletin | |||||||||||
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| South Korea Staff 2022 | ||||||||||||||||
| Rank | Name | Total staff 2021 | Last year 2020 | Growth rate (%) | Female Staff | Female Partners | Partners | Professional staff | Administrative staff | Offices | ||||||
| 2021 | 2020 | 2021 | 2020 | 2021 | 2020 | 2021 | 2020 | |||||||||
| Networks | ||||||||||||||||
| 1 | KPMG* | 3,594 | 3,508 | 2% | n.d | n.d | 193 | 175 | n.d | n.d | n.d | n.d | n.d | n.d | ||
| 2 | Deloitte* | 1,080 | 1,177 | -8% | n.d | n.d | 124 | 107 | n.d | n.d | n.d | n.d | n.d | n.d | ||
| 3 | PwC* | n.d | n.d | n.d | n.d | n.d | n.d | n.d | n.d | n.d | n.d | n.d | n.d | n.d | ||
| 4 | EY* | n.d | n.d | n.d | n.d | n.d | n.d | n.d | n.d | n.d | n.d | n.d | n.d | n.d | ||
| 5 | Nexia International* | 908 | 828 | 10% | 15 | 5 | 60 | 53 | 544 | 472 | 304 | 303 | 5 | 6 | ||
| 6 | Grant Thornton* | 654 | 650 | 1% | 52 | 1 | 93 | 89 | 378 | 352 | 183 | 209 | 5 | 5 | ||
| 7 | Crowe* | 508 | 492 | 3% | 230 | 2 | 55 | 49 | 440 | 427 | 13 | 16 | 5 | 5 | ||
| 8 | RSM* | 453 | 404 | 12% | 97 | 0 | 57 | 52 | 358 | 326 | 38 | 26 | 8 | 8 | ||
| 9 | Baker Tilly International* | 377 | 384 | -2% | 165 | 1 | 40 | 39 | 190 | 208 | 147 | 137 | 2 | 2 | ||
| 10 | BDO* | 283 | 273 | 4% | 104 | 2 | 32 | 27 | 233 | 228 | 18 | 18 | 4 | 4 | ||
| 11 | PKF International* | 240 | 198 | 21% | n.d | n.d | 36 | 35 | 158 | 146 | 46 | 17 | 3 | 3 | ||
| 12 | Kreston Global* | 235 | 226 | 4% | 105 | 0 | 26 | 23 | 177 | 169 | 32 | 34 | 4 | 4 | ||
| 13 | Russell Bedford International* | 233 | 238 | -2% | 120 | 2 | 36 | 38 | 71 | 71 | 126 | 129 | 2 | 2 | ||
| 14 | HLB* | 198 | 150 | 32% | 93 | 2 | 40 | 42 | 152 | 102 | 6 | 6 | 3 | 3 | ||
| 15 | MGI Worldwide* | 166 | 155 | 7% | n.d | 3 | 26 | 43 | 48 | 112 | 92 | - | 2 | 6 | ||
| 16 | Mazars* | 75 | 76 | -1% | n.d | n.d | 4 | 4 | 65 | 67 | 6 | 5 | 1 | 1 | ||
| 17 | UHY International* | 71 | 67 | 6% | 36 | 1 | 23 | 18 | 4 | 47 | 44 | 2 | 3 | 2 | ||
| 18 | ECOVIS International* | 65 | 68 | -4% | 41 | 0 | 17 | 17 | 46 | 49 | 2 | 2 | 3 | 3 | ||
| Total staff / growth | 9,140 | 8,894 | 3% | 1,058 | 19 | 862 | 811 | 2,864 | 2,776 | 1,057 | 904 | 50 | 54 | |||
| Associations | ||||||||||||||||
| 1 | Morison Global* (1) | 298 | 262 | 14% | 101 | 1 | 38 | 38 | 140 | 119 | 120 | 105 | 3 | 3 | ||
| 2 | IAPA* | 241 | 241 | 0% | n.d | n.d | 33 | 33 | 90 | 90 | 118 | 118 | 6 | 6 | ||
| 3 | PrimeGlobal* | 217 | 213 | 2% | n.d | n.d | 39 | 50 | 172 | 156 | 6 | 7 | 2 | 2 | ||
| 4 | Praxity* | 207 | 208 | 0% | n.d | n.d | 51 | 49 | 114 | 115 | 42 | 44 | 2 | 2 | ||
| 5 | Allinial Global* | 142 | 142 | 0% | n.d | n.d | 18 | 18 | 70 | 70 | 54 | 54 | 4 | 4 | ||
| 6 | Inpact* (e) | 100 | 97 | 3% | n.d | n.d | n.d | 8 | n.d | 84 | n.d | 5 | n.d | 3 | ||
| 7 | Integra International* | 69 | 69 | 0% | n.d | n.d | 12 | 12 | 56 | 56 | 1 | 1 | 1 | 1 | ||
| 8 | INAA Group* | 8 | 9 | -11% | n.d | n.d | 1 | 1 | 7 | 7 | - | 1 | 1 | 1 | ||
| Total staff / growth | 1,282 | 1,241 | 3% | 101 | 1 | 192 | 209 | 649 | 697 | 341 | 335 | 19 | 22 | |||
| Notes: (e) = IAB estimate, n.d = not disclosed, n.c.= not collected, n.ap= not applicable, n.av= not available. (1) Restated figures for last year as the figures provided previously were for the year ended December 2019. The restated figures for last year now reflect the year ended October 2020. *Disclaimer = Data relating to correspondent and non-exclusive member firms is not included. Source: International Accounting Bulletin | ||||||||||||||||
| South Korea Staff 2022 | ||||||||||||||||
| Rank | Name | Total staff 2021 | Last year 2020 | Growth rate (%) | Female Staff | Female Partners | Partners | Professional staff | Administrative staff | Offices | ||||||
| 2021 | 2020 | 2021 | 2020 | 2021 | 2020 | 2021 | 2020 | |||||||||
| Networks | ||||||||||||||||
| 1 | KPMG* | 3,594 | 3,508 | 2% | n.d | n.d | 193 | 175 | n.d | n.d | n.d | n.d | n.d | n.d | ||
| 2 | Deloitte* | 1,080 | 1,177 | -8% | n.d | n.d | 124 | 107 | n.d | n.d | n.d | n.d | n.d | n.d | ||
| 3 | PwC* | n.d | n.d | n.d | n.d | n.d | n.d | n.d | n.d | n.d | n.d | n.d | n.d | n.d | ||
| 4 | EY* | n.d | n.d | n.d | n.d | n.d | n.d | n.d | n.d | n.d | n.d | n.d | n.d | n.d | ||
| 5 | Nexia International* | 908 | 828 | 10% | 15 | 5 | 60 | 53 | 544 | 472 | 304 | 303 | 5 | 6 | ||
| 6 | Grant Thornton* | 654 | 650 | 1% | 52 | 1 | 93 | 89 | 378 | 352 | 183 | 209 | 5 | 5 | ||
| 7 | Crowe* | 508 | 492 | 3% | 230 | 2 | 55 | 49 | 440 | 427 | 13 | 16 | 5 | 5 | ||
| 8 | RSM* | 453 | 404 | 12% | 97 | 0 | 57 | 52 | 358 | 326 | 38 | 26 | 8 | 8 | ||
| 9 | Baker Tilly International* | 377 | 384 | -2% | 165 | 1 | 40 | 39 | 190 | 208 | 147 | 137 | 2 | 2 | ||
| 10 | BDO* | 283 | 273 | 4% | 104 | 2 | 32 | 27 | 233 | 228 | 18 | 18 | 4 | 4 | ||
| 11 | PKF International* | 240 | 198 | 21% | n.d | n.d | 36 | 35 | 158 | 146 | 46 | 17 | 3 | 3 | ||
| 12 | Kreston Global* | 235 | 226 | 4% | 105 | 0 | 26 | 23 | 177 | 169 | 32 | 34 | 4 | 4 | ||
| 13 | Russell Bedford International* | 233 | 238 | -2% | 120 | 2 | 36 | 38 | 71 | 71 | 126 | 129 | 2 | 2 | ||
| 14 | HLB* | 198 | 150 | 32% | 93 | 2 | 40 | 42 | 152 | 102 | 6 | 6 | 3 | 3 | ||
| 15 | MGI Worldwide* | 166 | 155 | 7% | n.d | 3 | 26 | 43 | 48 | 112 | 92 | - | 2 | 6 | ||
| 16 | Mazars* | 75 | 76 | -1% | n.d | n.d | 4 | 4 | 65 | 67 | 6 | 5 | 1 | 1 | ||
| 17 | UHY International* | 71 | 67 | 6% | 36 | 1 | 23 | 18 | 4 | 47 | 44 | 2 | 3 | 2 | ||
| 18 | ECOVIS International* | 65 | 68 | -4% | 41 | 0 | 17 | 17 | 46 | 49 | 2 | 2 | 3 | 3 | ||
| Total staff / growth | 9,140 | 8,894 | 3% | 1,058 | 19 | 862 | 811 | 2,864 | 2,776 | 1,057 | 904 | 50 | 54 | |||
| Associations | ||||||||||||||||
| 1 | Morison Global* (1) | 298 | 262 | 14% | 101 | 1 | 38 | 38 | 140 | 119 | 120 | 105 | 3 | 3 | ||
| 2 | IAPA* | 241 | 241 | 0% | n.d | n.d | 33 | 33 | 90 | 90 | 118 | 118 | 6 | 6 | ||
| 3 | PrimeGlobal* | 217 | 213 | 2% | n.d | n.d | 39 | 50 | 172 | 156 | 6 | 7 | 2 | 2 | ||
| 4 | Praxity* | 207 | 208 | 0% | n.d | n.d | 51 | 49 | 114 | 115 | 42 | 44 | 2 | 2 | ||
| 5 | Allinial Global* | 142 | 142 | 0% | n.d | n.d | 18 | 18 | 70 | 70 | 54 | 54 | 4 | 4 | ||
| 6 | Inpact* (e) | 100 | 97 | 3% | n.d | n.d | n.d | 8 | n.d | 84 | n.d | 5 | n.d | 3 | ||
| 7 | Integra International* | 69 | 69 | 0% | n.d | n.d | 12 | 12 | 56 | 56 | 1 | 1 | 1 | 1 | ||
| 8 | INAA Group* | 8 | 9 | -11% | n.d | n.d | 1 | 1 | 7 | 7 | - | 1 | 1 | 1 | ||
| Total staff / growth | 1,282 | 1,241 | 3% | 101 | 1 | 192 | 209 | 649 | 697 | 341 | 335 | 19 | 22 | |||
| Notes: (e) = IAB estimate, n.d = not disclosed, n.c.= not collected, n.ap= not applicable, n.av= not available. (1) Restated figures for last year as the figures provided previously were for the year ended December 2019. The restated figures for last year now reflect the year ended October 2020. *Disclaimer = Data relating to correspondent and non-exclusive member firms is not included. Source: International Accounting Bulletin | ||||||||||||||||