Accountancy and Accounting Education in Korea

Abstract

Korea is an ancient country with a history of 5, 000 years. The early days of Korea are shrouded in the clouds of mythological stories. However, the origin of Korean people and Korean history begin usually with the Three Kingdom Era" (Koguryo, Paekje, Silla Dynasties) , By 668 the Silla Kingdom had unified the Korean People.

The' Silla Dynasty was succeeded by Koryo, which ruled from918 and was replaced by the Yi Dynasty, which ruled from 1392 to 1910. Then came the Japanese annexation of Korea until independence was gained on August, 1945.

The defeat of Japan in 1945 did not bring all Koreans freedom. The Russians occupied the northern half of the 38th parallel and the Americans the south.

The north launched a surprise invasion of the south on June 25, 1950.

That was the Korean War. After bittery destructive battles a truce was signed in 1953, leaving the border nearly where it was before the war.