The Korea Exchange noted on the 4th that it has received corporate governance reports from 549 corporations listed on the securities market.
All 541 listed companies that are subject to the mandatory disclosure of corporate governance reports with total assets exceeding 5 billion won have completed their submissions on time. Additionally, eight companies, including HD Hyundai Energy Solutions, HANALL BIOPHARMA, and HDC LABS, disclosed voluntarily.
The main contents of the submitted reports will be automatically converted into English and provided to enhance accessibility to governance information for foreign investors.
The exchange plans to focus on compliance with guidelines for the reports and check for errors, centered on the key evaluation items announced in February, until August.
The key evaluation items include four core indicators, such as providing predictability related to cash dividends, five detailed principles regarding shareholder protection policies concerning ownership structure and business structure changes, and one item related to plans to enhance corporate value.
For reports with insufficient descriptions and explanations, the exchange is expected to request companies to provide clarifications and corrections by October. An exchange official said, "In November, we will select listed companies that accurately and transparently document their governance status as excellent companies."