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Certified Korean Financial Statements Translation

eVerbary translates your Korean financial statements into English for $24.95 per page with no word cap, by a professional human translator, with a signed certification. Most orders are delivered within a few hours. Accepted by USCIS and by US universities, colleges and schools, or your money back.

K-IFRS or K-GAAP, and what the statements are called

Since 2011, listed companies, companies preparing to list and most financial companies in Korea report under Korean IFRS (한국채택국제회계기준, K-IFRS). Other companies subject to external audit use the general accounting standards for business (일반기업회계기준, often called K-GAAP). Under K-IFRS the set is the statement of financial position (재무상태표), the statement of comprehensive income (포괄손익계산서), the statement of changes in equity (자본변동표), the cash flow statement (현금흐름표) and the notes (주석).

Under K-GAAP the income statement is usually titled 손익계산서, and older statements may say 대차대조표 for the balance sheet. We translate each title as printed rather than modernise it, so a reviewer can match the translation to the original. The heading usually gives the fiscal period by number (for example 제 25 기, the 25th period) with its start and end dates, and we keep both the number and the dates.

Won, units and the audit report

Each table states its unit at the top, 단위: 원 for won or 단위: 천원 and 단위: 백만원 for thousands and millions of won. The unit line is translated exactly and the figures are left as printed, because a statement in millions of won read as won is off by a factor of a million. Negative figures in parentheses or with a triangle mark are kept in the same form as the original.

Under the Act on External Audit of Stock Companies, the auditor submits its audit report (감사보고서) to the company, the Securities and Futures Commission and the Korean Institute of Certified Public Accountants, which make it available for public inspection. Listed companies attach it to their business report on DART, the Financial Supervisory Service's disclosure system. The opinion, for example an unqualified opinion (적정의견), is translated word for word, along with the auditor's signature and the firm's name.

For EB-5, E-2, L-1 and US lenders

For an EB-5 petition, 8 CFR 204.6(j)(3) lists foreign business registration records and tax returns filed within five years in any country, so a Korean investor's file often pairs audited statements with the company's registry extract and several years of tax certificates. The same statements support E-2 and L-1 files and the reviews of US banks and lenders, which want to see where the money came from and how the business has performed over several years.

We translate what the statements say, line by line with the same rows and columns, and with every note. We do not convert won to dollars, restate under US GAAP, or audit or certify the figures; that is accountants' work. See also Korean tax returns, Korean bank statements, articles of incorporation, financial statements and our Korean page.

What USCIS requires

Under 8 CFR 103.2(b)(3), a foreign-language document must be accompanied by a complete English translation and the translator's certification that it is accurate. Every seal, stamp and marginal note is part of the document, so every one is translated.

State agencies set their own rules — see government agencies — and what our certification states is on this page.

How it works

Upload a photo or a scan of your document, pick the language pair and check out online. You never have to mail originals: a legible copy is all we need.

A professional human translator, never machine translation, translates the document word for word and mirrors the layout of the original. Every certified translation ships with a signed Certificate of Translation Accuracy that meets the requirements of USCIS, courts and universities.

Your translation is delivered digitally, usually within 24 hours for documents of one to three pages, and same-day delivery is available. If anything needs adjusting, we revise it.

Certified vs. standard translation

A certified translation is a word-for-word translation accompanied by a signed statement attesting to its accuracy and completeness. It is what official bodies require: USCIS, courts, universities and government agencies. Certified translations are $24.95 per page, where one sheet of your document is one page, with no word cap.

A standard translation is the same professional human translation without the certificate, for when you only need to understand the content or for internal or informal use. It is billed at the same $24.95 per page with no word cap.

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