Q1 · South Korea Fiscal Quarter

FM1–FM3 · January 2027 – March 2027

What Q1 means in the South Korea fiscal year

Q1 is the opening quarter. Budgets that cleared the previous year-end review are now operative; the focus is on translating planned spend into committed spend without burning down contingency too early. Headcount plans, capex authorisations, and renewed vendor contracts dominate calendar discipline in these three months.

For more on quarter conventions across non-calendar fiscal years see our fiscal quarter conventions guide; for year-end timing see closing the books.

Quarter at a glance

Fiscal month	Calendar month	Days	Holidays	Open
FM1	January 2027	31	—	Monthly →
FM2	February 2027	28	—	Monthly →
FM3	March 2027	31	—	Monthly →

Operational checklist for Q1

Use this quarterly view to plan close milestones, board meetings, and reforecast deliverables. Lock the close calendar at the start of the quarter and circulate it to every function that posts journal entries. Identify the holidays in each fiscal month above and adjust accrual cutoffs accordingly so the books close cleanly without manual back-dating. See the budget cycle vs fiscal year guide for how this quarter typically intersects with the upcoming-year planning calendar.

Other quarters