북한의 외국투자기업재정관리법령：한국채택국제회계기준과 비교를 중심으로

Abstract

[Purpose]During the 10 years of the Kim Jong－un era, the Foreign Investment Financial Management Act were reorganized. Accordingly, there is an increasing need to review whether the Foreign Investment and Finance Management Act is in line with North Korea’s policy direction of achieving economic development through attracting foreign capital. [Methodology]We comprehensively analyzed North Korea’s Foreign Investment Financial Management Act and enforcement regulations, and studied the similarities and differences with the K－IFRS. We aim to help foreign companies and foreigners who want to invest in North Korea make rational investment decisions by resolving uncertainty about their financial management. [Findings]The consistency of North Korea’s Foreign Investment Company Finance Act with the K－IFRS was higher than before the revision, but there was a difference in applying the cash basis to items where it was difficult to apply the accrual basis due to North Korea’s poor environment. [Implications]These results can be reasonably inferred that North Korea has made efforts to comply with the K－IFRS for the financial management of foreign investment companies in order to attract foreign capital, and will continue to do so in the future.