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Korea Times says: Stricter US Accounting Rules Pinch Companies

Published by claudia September 11th, 2006 in News, SOX, Asia Tags: , , , , .

South Korean firms listed on U.S. exchanges are facing growing costs due to stricter accounting rules and some of them consider leaving the markets, according to Financial Supervisory Service (FSS) yesterday.

Not only Korean but also many other non-U.S. firms saw costs to maintain their listing on the U.S. markets rise after the implementation of Sarbanes-Oxley Act, according to FSS official Jung Young-won.

Here is the story.

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