Bookkeeping & Finance Support for Foreign Companies

KTE provides ongoing bookkeeping and finance support for foreign-invested companies operating in Korea. We maintain Korean statutory accounting records while giving overseas headquarters clear, practical financial information in English.

The scope can be designed around the company’s transaction volume, reporting timetable and internal finance resources, from core bookkeeping to a more coordinated monthly accounting process.

Who We Support

  • Korean subsidiaries and branches of overseas companies
  • Newly established entities requiring a reliable local accounting process
  • Finance teams that need Korean statutory books and English-language reporting
  • Companies seeking coordinated bookkeeping, tax filing and payment support

How We Help

1. Korean Statutory Bookkeeping

We record and classify transactions in a Korean accounting system, maintain supporting documents and prepare the local books required for tax compliance and year-end reporting.

2. Monthly and Period-End Closing

We reconcile bank accounts, receivables, payables and key balance-sheet accounts and help identify missing information before monthly, quarterly or annual closing.

3. Financial Reporting to Headquarters

We prepare reporting packages in English using an agreed format and timing, and can coordinate mapping or adjustments between Korean statutory records and the group reporting framework.

4. Connected Tax and Finance Support

Bookkeeping can be coordinated with VAT filings, corporate income tax, payroll accounting, payment administration and responses to routine questions from the overseas finance team.

Typical Monthly Workflow

  1. Receive bank data, invoices, expense records and other supporting documents.
  2. Record transactions and follow up on missing or unclear items.
  3. Reconcile key accounts and review unusual balances or movements.
  4. Prepare the agreed financial reports and supporting schedules.
  5. Coordinate related VAT, payroll, tax and payment matters as required.

Information We Usually Request

  • Bank statements and payment details
  • Sales and purchase invoices, contracts and expense evidence
  • Payroll summaries and employee-related payment information
  • Intercompany transactions and overseas-headquarters instructions
  • The group reporting template, chart of accounts and closing timetable, if applicable

Related Guides and Services

Need Reliable Accounting Support in Korea?

Tell us about your Korean entity, transaction volume, reporting timetable and current finance process. We can review the expected scope and provide a service proposal.

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