ABK

ABK is an outsourced back-office firm in South Korea. It handles accounting and payroll for foreign companies operating there, and it provides its service in English from the first day.

Products and services

• Bookkeeping and financial reporting: day-to-day accounts prepared for Korean compliance and for overseas head offices.
• Payroll and social insurance: salary processing and the related administration.
• Tax compliance: support with filings and VAT returns.
• Practical finance support: inventory control, cash management and SAP localisation.
• Liaison with authorities: administrative coordination with Korean offices.

Customers and markets

The firm works for foreign businesses that need Korean accounting without local-language barriers. Each client gets a dedicated accounting team that works in English, and documents can be supplied in Korean or English. It works with the major ERP systems, SAP included.

Key facts

• Based in: South Korea
• Team: more than fifteen accounting professionals, all of whom speak English
• Languages: English, with documents supplied in Korean or English
• Publications: guides on Korean e-tax invoices, expense documentation, online banking and VAT refunds