Financial Supervisory Service launches accounting review of Korea Zinc, Youngpoong in 'management dispute'

The Financial Supervisory Service has launched an accounting review of Korea Zinc and Youngpoong, which are in a management dispute today (15th).

The Financial Supervisory Service's accounting review is conducted in the form of confirmation, data request, and clarification of public data, which takes about three to four months.

The Financial Supervisory Service will demand clarification on suspicions such as damage to provisions and investment stocks, and will start a supervision investigation if it believes there is a problem such as a violation of accounting standards.

If an accounting violation is found and a supervisory investigation is conducted, an auditor can be called to investigate and even sanctioned.