Exchange Expands English Translation Service for Korean Disclosures... Nearly Doubles Support Targets

Despite Pilot Implementation for 56 Companies, Various Achievements Confirmed
Qualitative Growth of English Disclosures Also Realized

[Asia Economy Reporter Gong Byung-sun] The Korea Exchange (KRX) has decided to expand its English translation service for Korean-language disclosures.

On the 11th, the Exchange announced the results and future plans of its English translation support service for Korean disclosures. Since September last year, the Exchange has been conducting a pilot English translation support service for 56 companies listed on the KOSPI market.

Despite being limited to 56 companies, various achievements were confirmed. The number of English disclosure submissions reached 1,063, a 102% increase compared to the previous period (October 2019 to June 2020). The ratio of English disclosures to Korean disclosures also rose to 8.74%, up 79.8% from the previous period. The number of listed companies submitting English disclosures increased by 69.2% to 88 companies, compared to only 52 companies in the previous period. This accounted for 11.2% of the total 787 listed companies on the KOSPI market.

Qualitative growth of English disclosures was also realized. The proportion of simple notification disclosures such as investor presentations decreased from 36.5% to 26.9%. Conversely, the proportion of timely disclosures related to major corporate management matters increased from 32.3% to 43.4%.

Information usage by overseas investors also expanded. The number of views of English disclosures increased by 129.7% compared to the previous period. Additionally, access views from overseas regions rose by approximately 147.9%. The trading volume of foreign investors also increased compared to the previous period. While the total foreign trading volume on the KOSPI market increased by 36.83% and trading value by 60.31%, the foreign trading volume of 32 companies newly submitting English disclosures increased by 81.83%, and trading value rose by 99.97%.

Given these visible achievements, the Exchange plans to expand the English translation support service. A representative from the Exchange stated, “Starting from October, we will expand the English translation support service and will begin accepting applications from listed companies from the 23rd. The number of supported companies will increase from the current 56 to up to 100, and the number of disclosure items subject to translation will expand from 180 to 358.”

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