Samil PricewaterhouseCoopers [Courtesy of Samil PwC]After achieving exceptional results in the 2022 fiscal year, South Korea's four major accounting firms - Samil PricewaterhouseCoopers, Samjong KPMG, Ernst & Young Hanyoung and Deloitte Anjin - are facing increased labor costs amid a challenging economic climate and reduced staff turnover.The deal segment, which accounts for a significant portion of their revenue, has seen a decline in sales due to an economic slowdown. Additionally, the natural attrition rate among existing accounting professionals through job changes has notably decreased since the end of last year.

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