KPMG Selected as 'Asia's Best Risk Consulting Firm'

[Asia Economy Reporter Park Jihwan] KPMG announced on the 17th that it was selected as the 'Asia Risk Consulting Firm of the Year' at the 'Asia Risk Awards 2020' hosted by Risk.net, a risk management specialized media.

Now in its 25th year, the 'Asia Risk Awards' annually recognizes best practices in risk management and derivatives utilization by consulting firms and experts in the Asia-Pacific region for financial institutions.

KPMG was recognized for its professional risk management advisory services, market insights, and regtech capabilities provided to corporate clients despite the uncertainties caused by the COVID-19 pandemic.

In particular, over the past year, KPMG was highly praised for providing insightful risk management advice to corporate clients exposed to risks worldwide, such as unprecedented market volatility and credit quality deterioration, helping companies comply with increasing regulations.

Park Yongsu, Leader of Risk Consulting Services at Samjong KPMG, stated, "In response to the post-COVID environment, we will continuously advise on strategic issues faced by corporate clients, such as government regulatory changes and accelerated digital transformation, helping them proactively manage risks that may arise in their business."

KPMG is a comprehensive accounting, tax, and consulting advisory firm providing audit, tax advisory, financial advisory, and consulting services, composed of 219,000 professionals in 147 countries worldwide. In Korea, Samjong KPMG, a member firm of KPMG, provides professional services. The Risk Consulting Services Division of Samjong KPMG offers integrated risk management consulting advisory based on enterprise-wide risk management, including information security, internal audit, forensic, and IT support. Recently, to respond to newly emerging risks due to digital innovation, it is proposing integrated risk management strategies utilizing data analytics techniques.