South Korea’s Financial Services Commission approved revisions to the Korea Exchange disclosure rules that will require all KOSPI-listed companies to publish a corporate governance report from 2026, using a “comply or explain” approach. The corporate governance report discloses a firm’s compliance status against key corporate governance principles. The regime was introduced as voluntary disclosure in 2017 and has been progressively expanded as a mandatory requirement; the change extends coverage from 541 firms currently subject to the duty (those with total assets of at least KRW 500 billion as of end-2024) to 842 firms (all KOSPI-listed firms as of end-2024). To support implementation, the Korea Exchange and the Korea Listed Companies Association plan preparatory guidance, one-on-one consultations, on-the-job training for compliance and executive officers, and regional information sessions and workshops.
South Korea Financial Services Commission 2025-07-09
South Korea Financial Services Commission expands mandatory corporate governance reporting to all KOSPI-listed firms from 2026
The South Korea Financial Services Commission has approved revisions to the Korea Exchange disclosure rules, mandating all KOSPI-listed companies to publish a corporate governance report from 2026 using a "comply or explain" approach. This expands the requirement from 541 firms to 842 firms. The Korea Exchange and the Korea Listed Companies Association will provide guidance and training to support implementation.