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How many financial statements needed 4 Dissolution and Liquidation

I got a lot of questions regarding how many financial statements to liquidate an entity.

Practically, two financial statements are required by the court: the first one is the "Liquidation Financial Statements", which cover the period from the beginning of the financial year to the start date of the liquidation;

the second is the "Dissolution Financial Statement", covering the period from the start date of the liquidation to the completion date.

So you can clear up those receivables and payables with the bank balance before the commencement of this process.

For more details, please send an e-mail to or If you would like a free consultation with an English-speaking Accountant in Korea, please schedule a call at: Schedule a Call with Jz


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