Korean Business Group
PwC Romania's Korean Business Group was established in 2024 to provide top-tier assistance to Korean businesses operating in Romania. With a deep understanding of the Korean market and extensive knowledge of the Romanian business environment, we are equipped to provide our clients with a comprehensive range of services including tax, financial, legal, and advisory services.
View this site in Korean language
We understand the unique challenges and opportunities that arise when doing business in Romania. Our goal is to help you navigate these challenges and maximise your success in this dynamic and competitive market. Whether you are looking to expand your business, establish new partnerships, or navigate legal and regulatory requirements, we are here to support you every step of the way.
The Korean Business Group is led by professionals with extensive knowledge in the fields of taxation and technology. Together with our expert teams, we are committed to delivering personalised solutions and guidance to help our clients achieve their business goals. We pride ourselves on building strong, long-lasting relationships with our clients, and we are dedicated to helping them succeed in their endeavours.
This page provides support for organisations based in Korea wishing to establish a business or enhance their presence in Romania. The page also provides an overview of PwC Romania’s Korean-tailored service portfolio.
Korean Business Group members
PwC provides a wide service portfolio to support its Korean clients, enabling them to reach their maximum potential during their Romanian operation. PwC Romania specialises in tax, legal, assurance and advisory services.
We start by listening to your story
At PwC, our purpose is to build trust in society and solve important problems. It is this focus which informs the services we provide and the decisions we make.
We’ll start by getting to know you. You do the talking, we’ll do the listening. What you tell us will shape how we use our network of more than 295,000 people around the world – and their connections, contacts and expertise – to help you create the value you’re looking for.
Advisory Services
Strategic insights for value creation integrated with innovative use of technology
No matter what area or challenge you’re tackling, we can help. Informed by our work with clients across industries and around the world, we pinpoint the most relevant insights and identify and apply integrated technologies in new, innovative ways to empower your people, minimise business disruption, optimise workflows, maximise impact, and deliver results, faster. Reimagining how people and businesses work to unlock new value.
Think bold. Apply technology in new ways. Enhance experience. Realise value.
- Consulting & Technology
- Transactions Services
- Mergers & Acquisitions
- Valuation and Economics
- Business Recovery Services
- Forensics Services
Consulting & Technology
- Strategy definition and implementation
- Market assessment
- Restructuring and reorganizations
- Optimization and automation of business processes
- Organizational effectiveness across functions
- Cost optimization
- SSC implementation and outsourcing
- Project management
- Enterprise Applications
- Intelligent Automation
- SAP
Transactions Services
- Transactions services
- Corporate finance/Lead advisory on sell/buy-side
- Sale of non-performing loans
Mergers & Acquisitions
- Selling a business or raising finance
- Buying a business
- Management team advice
- Fundraising for General Partners
- Deal origination
Valuation and Economics
- Value measurement
- Value consulting
- Economics
- Assessing deal value
- Financial modelling
- Finance raising
Business Recovery Services
- Operational restructuring
- Financial restructuring
- Strategic restructuring
- Fiscal restructuring (GO 6/2019)
- Ad-hoc mandate
- Preventive concordat
- Insolvency
- Distressed M&A
- Independent business review
- Non & sub-performing exposure management
- Optimised exit
- Debt advisory
- Controlled Liquidation
Forensics Services
- Investigations and Fact Finding
- Disputes Assistance
- Financial Crime
- Corporate & Business Intelligence
- Fraud Risk Management
- Forensic Technology Solutions
Audit & Assurance Services
Unlock the full value of audit
Welcome to the new world of auditing. A world where the Chief Financial Officer and team have a firm grip on the daily business and help improve the effectiveness and performance of the company every day. It’s a world where stakeholders’ expectations are met and getting deep insights and value. It’s a world where the CFO has transformed from scorekeeper into enabler of business performance.
A customised solution that serves you.
Financial Audit
- Audit in accordance with International Standards on Auditing (ISA) adopted by the Romanian Chamber of Financial Auditors (CAFR) as national auditing standards or with other generally accepted auditing standards
- Compliance audit (NBR, RERA, etc.) in accordance with the requirements of various regulatory institutions
- Training in IFRS, Statutory Accounting Rules and others (PwC's Academy)
Capital Markets and Accounting Advisory Services
- Drafting the financial statements in accordance with IFRS or other recognized accounting standards (US or UK GAAP)
- Certification, consultancy in the field of accounting and financial reporting regulations
- Audit of non-reimbursable funds (European Funds and State Aid)
- Accounting Policy Manuals (OMF1802, IFRS, Group Packages)
- Reconstruction projects of fixed assets registers, restoration of the costing model, etc.
Risk Assurance Services
- Internal Audit
- Risk and Regulatory Services
- Cyber Security, Data Privacy and Digital Identity
- Data Assurance
- Systems and Process Assurance
Tax and Legal Services
From complexity to execution
Our world is in a state of flux, complicated further by regulatory complexity and economic risk. PwC’s Tax and Legal Services helps to cut through the noise and stay ahead of the changes that impact your business. Equipped with the scale of a seamlessly connected global network, we are where you need us—delivering deep tax technical expertise, while providing the critical context to help you make informed and compliant decisions that drive your operations forward. At your side globally and locally, we design best-in-class integrated tax and legal strategies that empower you to move from complexity to execution.
- Corporate Taxation
- Transfer Pricing
- Indirect Taxation
- Tax Reporting & Strategy
- Workforce
- Legal
- Tax Technology
- SAF-T
Corporate Taxation
Taxes on profit, on income non-residents, on dividends and local taxes
To comply with tax obligations in a correct and cost-effective way, businesses must be familiar with the extensive tax legislation and the related methodical instructions and also have experience and be constantly in contact with the tax environment. Our corporate tax specialists can assist you with all of this and will be delighted to use their knowledge and experience for your benefit.
Our services:
- General Tax Consulting services
- Tax review services
- Assistance with obtaining non-binding/binding rulings
- International Tax Structuring
- Tax Mergers and Acquisitions
- Assistance in implementation of Corporate Tax Incentives (eg: Research & Development, Reinvested profit, Cash registers tax credit)
- Assistance with Pillar Two
Transfer Pricing
Inter-company transactions across borders are growing rapidly and becoming much more complex.
The factors driving intensified scrutiny of transfer pricing arrangements are beyond the control of most companies, but the risks to your organisation are very real.
Indirect Taxation
PwC Romania has a team specialised in indirect taxation, formed of advisors with strong expertise and wide experience in solving complex indirect tax issues, who provide specialised advice and practical solutions to our clients. In order to understand better the activities and specific needs of our clients, we tailored our approach to the particularities of each client, by creating within our Indirect Tax Department groups specialising in various business areas and industries.
Tax Reporting & Strategy
Tax and Accounting compliance: accurate and timely reporting of financial performance that enhance the management decisions to drive profitable financing decisions and new investment opportunities.
Workforce
Consulting
People are an increasingly valuable source of sustainable competitive advantage for organisations operating in a global economy characterised by only one certainty – change. Chronic skills gaps combined with a mismatch between demand and supply of talent means that getting (and keeping) the right people in the right places at the right time has never been more challenging.
Legal
D&B David si Baias
Legal Services are provided by D&B David si Baias, the connected law firm of PwC in Romania.
Tax Technology
In a fast changing world, we’re helping clients build a tax function for the future. Our integrated approach to tax management brings together tax function design, technology and tax- and statutory compliance delivery. By aligning your tax and tax technology strategies with your commercial goals the tax function will become a strategic business asset, adding value across the organisation.
Understanding your organisation’s challenges, goals and needs is just the start. Successful change will require re-engineering ‘end-to-end’ processes, not just the final outputs.
SAF-T
The Standard Audit File for Tax (SAF-T) is a new reporting requirement for taxpayers and it reflects the international standard for the electronic exchange of accounting data between companies/organisations and tax authorities, containing information on taxpayers' accounting and tax data.
SAF-T’s main role is to standardise the transfer of information between tax administrations and taxpayers, offering benefits to both parties. SAF-T involves the regular reporting of a set of information (initially, in addition to tax returns - in a predefined format) that facilitates the review of taxpayers' operations by tax authorities.
PwC Romania Digital
Our society lives, works, and plays digitally. Around the clock, we rely on technology's speed, efficiency and convenience. This exciting tech whirlwind continually builds, shifts and innovates. But with exhilaration comes apprehension - about pace, corporate dynamics, government or industry regulations, and potential threats. All are valid concerns - and they're also opportunities. Together we can navigate this technology landscape to solve complex business challenges and realize your strategic business goals from strategy through execution.
Environmental, Social and Governance
ESG isn’t about ticking a box. It’s about making a difference - for the world and for your business. It’s about creating sustained outcomes for environmental and societal good. And governing your business responsibly and inclusively to build long term resilience. PwC's passionate community of solvers is ready to put in the work with you - environmentalists, sociologists, economists, strategists, technologists. We are here to help you turn business as usual into new ways of thinking and doing. Building trust today to secure a sustainable future.
