Samsung SDI, Korea Gas Corporation and 3 Others Selected as 'Outstanding Corporate Governance Disclosure Companies'

At the '2023 Corporate Governance Report Disclosure Excellence Awards Ceremony' held on the 13th at the Korea Exchange in Yeongdeungpo-gu, Seoul, (from left) Jeong Ji-heon, Deputy Director of the KOSPI Market Division at Korea Exchange; Kim Tae-eon, Chief Financial Officer of Korea Gas Corporation; Kim Yoon-tae, Executive Director of Samsung SDI; Kim Dae-seok, Executive Director of Hyundai GEF Holdings; Min Byung-il, Executive Director of LX International; Jeong Yeon-woo, Vice President of LF; and Yang Tae-young, Director of the KOSPI Market Division at Korea Exchange, are posing for a commemorative photo. (Photo by Korea Exchange)

The Korea Exchange announced on the 13th that it has selected five companies?Samsung SDI, Korea Gas Corporation, Hyundai GEF Holdings, LF, and LX International?as exemplary corporations for corporate governance report disclosure this year.

Since 2019, the Korea Exchange has been selecting and awarding listed companies that faithfully and transparently disclose their governance status according to the corporate governance report guidelines. This year's awardees were recognized for thoroughly detailing their overall governance status and clearly disclosing improvement plans, thereby contributing to investor protection and fostering a sound disclosure culture in the capital market.

The mandatory disclosure requirement for corporate governance reports currently applies to companies with assets exceeding 1 trillion KRW, but from next year, it will be expanded to those with assets over 500 billion KRW. Furthermore, from 2026, all KOSPI-listed companies will be subject to this requirement.

An official from the Exchange stated, "In line with the expansion of mandatory disclosure targets, we will digitize the reports starting next year to support companies in faithfully disclosing their governance reports," adding, "We also plan to strengthen customized education and promotion to ensure smooth disclosure of governance reports by newly obligated companies."

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