A total of 829 KOSPI-listed companies submitted their corporate governance reports within the deadline, as the mandatory disclosure requirement was expanded this year to cover all KOSPI-listed firms.
The Korea Exchange (KRX) said Tuesday that all 829 KOSPI-listed companies submitted their 2026 corporate governance reports by the June 1 deadline. Six companies subject to delisting decisions or injunction filings were excluded from the requirement.
A corporate governance report is a disclosure in which listed companies explain key governance matters to investors, including board accountability, shareholder protection, and the independence of audit bodies. The reports can be viewed on the Korea Exchange's electronic disclosure system KIND and the ESG Portal.
The exchange has operated the governance disclosure system since 2017. Starting with KOSPI-listed companies with assets of 2 trillion won or more in 2019, it expanded the mandatory disclosure scope to firms with 1 trillion won or more in 2022 and 500 billion won or more in 2024. This year, the requirement was broadened to cover all KOSPI-listed companies.
As a result, the number of companies subject to mandatory governance report disclosure has grown from 200 in 2019 to 829 this year, comprising 40 financial firms and 789 non-financial firms. The figure represents an increase of 288 from 541 companies subject to the requirement last year.
The exchange plans to require corrective disclosures if omissions or misstatements are found in future reports. Listed companies that describe their governance status faithfully and transparently will be designated as outstanding disclosure firms. Key provisions of the recently revised Commercial Act related to independent directors and electronic shareholder meetings will also be reflected in the corporate governance report guidelines.
"By expanding disclosure obligations, KOSPI-listed companies will transparently provide key governance information such as board accountability, shareholder protection, and the independence of audit bodies, which will help spread a shareholder value-oriented management culture and lay the groundwork for Korea's capital market to shift toward a 'Korea premium,'" a KRX official said.
