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[Cosmetics Industry] When stripping away numerical illusion

The author is an analyst for NH Investment & Securities. He can be reached at jiyoony@nhsec.com -- Ed.K-IFRS 1118 set to be introduced in 2027Starting from 2027, K-IFRS 1118 will become mandatory.

  • IFRS-18 becomes mandatory in cosmetics industry in 2027
  • Operating profit definition expands to include more expenses
  • Forex gains/losses may impact operating margins for exporters

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