Korea Exchange and Korea Corporate Governance Service Hold '2021 Korea Corporate Governance Online Forum'

[Asia Economy Reporter Gong Byung-sun] The Korea Exchange and the Korea Corporate Governance Service held an online forum to mark the third year of mandatory disclosure of corporate governance reports.

On the 10th, the Korea Exchange and the Korea Corporate Governance Service announced that they held the '2021 Korea Corporate Governance Online Forum' targeting overseas institutional investors and others.

Sponsored by the Ministry of Justice and the major U.S. investment bank JP Morgan, this event shared the achievements and future improvement plans of the third year of mandatory disclosure of corporate governance reports, the introduction of multiple derivative lawsuits and separate election of audit committee members, and the revised Commercial Act as of last December, which improved the exercise requirements of minority shareholder rights in listed companies.

JP Morgan introduced issues related to the improvement of corporate governance in Korean listed companies from the perspective of foreign investors, and over 100 overseas investment institutions participated to provide a comprehensive view of Korean corporate governance.

An official from the Exchange said, “Taking this forum as an opportunity, we will strive to expand the disclosure of ESG (Environment, Social, Governance) information including corporate governance for the development of the domestic capital market,” adding, “We will continuously promote achievements to overseas institutional investors to encourage domestic ESG investment and contribute to resolving the Korea discount.”

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