The Korea Accounting Standards Board (KASB), an independent private sector organization approved by the Financial Services Commission (FSC), works to establish Korea Accounting Standards (KAS) in line with International Accounting Standards (IAS).

The FSC's accounting regulations are at the link below. The Korean GAAP (which closely follows the US GAAP) and the External Audit Act of Corporations form the basis for these regulations.

The Ministry of Finance and Economy (MOFE) web site has a section on Korea's financial laws. The corresponding link is provided below.