Fair Trade Commission to Livestream Corporate Group Disclosure Briefing on YouTube: "Check the Revised Forms"

The Fair Trade Commission is launching real-time communication via YouTube to prevent violations of disclosure obligations among large business groups. The aim is to help responsible personnel familiarize themselves with the increasingly complex disclosure forms and revised manuals, regardless of location constraints.

The Fair Trade Commission announced on April 21 that it will hold a "Corporate Group Status Disclosure Briefing" via YouTube Live on April 22 at 2:30 p.m. for those in charge at companies belonging to business groups subject to disclosure requirements—specifically, those with total assets of at least 5 trillion won. The briefing will be broadcast live for approximately 90 minutes on the "Fair Trade Commission TV" channel.

This briefing focuses on conveying the key points of the recently revised disclosure manual, ahead of this year's annual and first-quarter disclosure implementation. In particular, starting this year, when reporting inter-affiliate financial transactions, companies must provide not only the transaction amount but also specific transaction conditions such as the date of borrowing, maturity date, interest rate, and whether collateral is involved. Additionally, for user convenience, a "lease transaction exclusive form" has been newly introduced, and the disclosure criteria for the sale of non-current assets have become more explicit. The Fair Trade Commission plans to provide detailed guidance to ensure these revisions are not omitted when preparing actual disclosures.

The briefing will begin with an overview of the disclosure system, followed by an in-depth explanation of: ▲ the main revisions to the Corporate Group Status Disclosure Manual; ▲ methods and precautions for completing each item; and ▲ case studies of disclosure obligation violations.

Most notably, there will be a separate session dedicated to frequently asked questions (FAQ) regarding the revised disclosure forms, addressing practical concerns of staff. Participants can submit questions in real time via the YouTube chat window and receive direct answers from Fair Trade Commission officials.

The Fair Trade Commission stated, "We expect that by accurately understanding the revised system and preparation methods, disclosure officers will be able to prevent violations of disclosure obligations in advance," adding, "We will continue to actively support corporate disclosure implementation and strengthen market monitoring functions by utilizing online platforms."

Meanwhile, for those who miss the live broadcast, the Fair Trade Commission plans to make the video permanently available on its YouTube channel for reference at any time after the live session ends.

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