KOREAN REBUBLIC: KRX Plans to Provide Disclosure Service in English for Foreign Investors

Tuesday May 17 2016

The Korean Exchange (KRX) has announced that it will strongly encourage listed companies to make disclosure of more items in English and rectify the present information asymmetry. To induce more companies to follow the measures, KRX will announce 169 English Disclosure Leading Companies out of a total of 770 KOSPI Market companies.

KRX will also designate and announce English Disclosure Leading Companies and Model Cases to encourage companies to disclose in English as much as possible. The designated leading companies will be given the same incentives which are given to the leading disclosure companies. Consideration will be given to these companies should fines be imposed on them for unfaithful disclosure.

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