Exchange Resumes Video Compliance Consulting for Listed Companies

Report Identifying Improvement Areas to Be Provided Free of Charge

The Market Surveillance Committee of the Korea Exchange announced on the 20th that it will resume video compliance consulting services. (Provided by Korea Exchange)

[Asia Economy Reporter Gong Byung-sun] The Market Surveillance Committee (MSC) of the Korea Exchange announced on the 20th that it has decided to resume video compliance consulting services to prevent unfair trading.

The service, which will be provided starting today, was created to protect investors by preventing unfair trading. Unfair trading practices by listed companies can damage corporate image and lower the external credibility of the capital market.

The MSC had conducted on-site compliance consulting for listed companies since February 2017. However, due to social distancing measures caused by COVID-19, on-site visits were suspended last year and replaced with an online self-diagnosis service for compliance levels. Recently, judging that listed companies have become accustomed to non-face-to-face communication through video unfair trading prevention education, video consulting has also been initiated.

For companies applying for consulting, dedicated MSC staff plan to diagnose and analyze the current status through pre-online diagnosis and video interviews. Afterwards, a report outlining necessary improvements and methods will be provided free of charge. It is expected to take about 20 business days from the online diagnosis to the delivery of the result report.

The MSC stated, “The consulting service will provide effective measures to eradicate unfair trading practices in corporations with weak internal controls,” and added, “We hope it will help listed companies cultivate a compliance management mindset.”

This content was produced with the assistance of AI translation services.