South Korea Mandates ESG Disclosure for KOSPI Companies With 10 Trillion Won+ Assets From 2028

According to South Korea's Financial Services Commission and the ruling Democratic Party, companies listed on KOSPI with consolidated assets of 10 trillion won or more must disclose sustainability (ESG) information in their business reports starting from 2028. The government lowered the threshold from an earlier proposed 30 trillion won, expanding the policy scope significantly. The measure is expected to cover 291 companies in 2028 and approximately 3,171 companies in 2029. The threshold will be further lowered to 5 trillion won in 2029 and potentially to 2 trillion won from 2030. The policy aims to provide institutional investors with sufficient data for diversified investments. Companies will be exempt from damages, administrative penalties, and criminal charges for ESG disclosure information during the first three years of implementation, though intentional greenwashing will face full liability.
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