4th September 2014
MGI has been ranked in the top six associations in the whole of South Korea, thanks to the help of MGI member firm Hamni Accounting Corporation based in the capital city, Seoul.
The International Accounting Bulletin lists MGI as the sixth-largest association by fee income in the country, an excellent achievement as it looks to compete alongside some of the larger associations and networks.
As Young Ham, managing partner and head of global services division at Hanmi Accounting Corporation, explains, the firm has “built a solid reputation as a reliable accounting firm this year”. It’s seen double digit growth every year since founding in 2003, but the last 12 months have been particularly fruitful”.
In February 2014, Hanmi competed with - and beat - the Big 4 firms to a major M&A underwriting project.
“National newspapers highlighted this as a surprise and commented that it was because the court and creditor banks highly valued Hanmi’s approach and strategy to this project,” says Mr Young Ham.
“Hanmi also worked as a buy side financial advisor in an attempted acquisition of Woori Securities Co. and its affiliates which were subsidiaries of one of the biggest banking groups in Korea.”
After a stellar year the future looks bright for Hanmi. Mr Young Ham says: “We will aggressively grow in the coming years in not only the traditional practice area of audit, tax and accounting, but also in the financial advisory and public sector consulting.”
MGI also ranked 8th across the Asia-Pacific region by fee income, according to the International Accounting Bulletin’s broader survey.
To contact Hanmi Accounting Corporation, visit the firm’s website or head to its MGI World member profile page.