Starting from 2026, all listed corporations on the KOSPI market must disclose a 'corporate governance report.'
On the 9th, the Financial Services Commission held its 13th meeting and approved a partial amendment to the 'Korea Exchange securities market disclosure regulations,' which expands the disclosure targets for corporate governance reports.
The corporate governance report disclosure system requires each corporation to disclose whether it has complied with 10 key principles related to governance and to explain the reasons for non-compliance if applicable. It was first introduced in 2017 as a voluntary disclosure by the Korea Exchange and has gradually expanded to mandatory disclosure targets.
Since all listed corporations will disclose corporate governance reports, the financial authorities and the Korea Exchange expect that corporations will strive to improve governance and enhance management transparency.
The Korea Exchange and the Korea Listed Companies Association will support the newly obligated disclosure entities by providing guidance on preparatory measures related to the corporate governance report, one-on-one consulting, training for personnel and executives, and regional briefings.
In addition, the Financial Services Commission and the Korea Exchange decided to reflect the amendment in the corporate governance report guidelines and key inspection items.