Taesung Accounting Corporation and Minwoo Tax Corporation Sign Tax Advisory Service Agreement

[Asia Economy Reporter Jang Hyowon] Taeseong Accounting Corporation and Minwoo Tax Corporation have joined forces to lead the accounting and tax market.

Taeseong Accounting Corporation (CEO Nam Sanghwan, hereinafter Taeseong) announced on the 9th that it has signed a business agreement with Minwoo Tax Corporation (CEO Yoon Youngsik, hereinafter Minwoo) to strengthen a collaborative system including mutual network sharing.

On the 9th, at the main conference room of Minwoo Tax Corporation headquarters located in Gangnam-gu, Seoul, Nam Sang-hwan, CEO of Taeseong Accounting Corporation (left), and Yoon Young-sik, CEO of Minwoo Tax Corporation, are taking a commemorative photo after signing a tax advisory business agreement. Photo by Minwoo Tax Corporation

Taeseong is a mid-sized registered accounting firm ranked in the top 10 in the industry, employing about 130 certified public accountants. It provides external audit and accounting advisory services as its core business to listed and unlisted companies in various fields such as manufacturing, construction, bio, public institutions, and ventures. In addition, it performs various corporate management advisory services including mergers and acquisitions (M&A), financial due diligence, valuation, social overhead capital (SOC), and project financing (PF) consulting.

Since its establishment in 2019, Minwoo has grown to rank 8th in sales within three years. It has expanded its services from personal tax matters such as business succession and gifting to highly strategic areas requiring advanced approaches such as corporate acquisition, merger, and division. In particular, Minwoo’s members have demonstrated strengths in tasks such as correction claims by providing proactive solutions for clients based on extensive experience.

Nam Sanghwan, CEO of Taeseong, said, “By expanding our service organization to provide more advanced tax advisory services to clients in addition to accounting audit and financial advisory services, this will be an opportunity to leap forward as a comprehensive consulting firm for accounting, tax, and financial advisory.”

Yoon Youngsik, CEO of Minwoo, stated, “Through this business agreement, Minwoo will be able to create synergy by providing more meticulous and stable tax services together with Taeseong to Taeseong’s corporate and individual clients.”