Korea, Republic of

Korea, Republic of

Adopted new disclosure requirements for foreign companies listed on KOSPI

01 Jan 2024

On 1 January 2024, new requirements for publishing certain business information in English (such as dividends, capital increases or decreases, and “matters concerning important decision-making”) entered into force for companies listed on the Korean Composite Stock Price Indexes (KOSPI). The new rules initially provide for different thresholds that trigger disclosure requirements that apply to certain foreign-owned companies. The disclosure requirements are expected to be applied to all KOSPI-listed companies with over KRW 1.5 billion in assets as of 2026, regardless of their foreign ownership ratio.