Korea Exchange Expands Corporate Governance Consulting to 50 Listed Companies

The Korea Exchange announced on August 10 that it will expand the pool of companies eligible for its corporate governance improvement consulting services.

This consulting program was designed by the exchange to assist listed companies in improving their corporate governance and disclosing corporate value-up plans, and has been operated jointly with the Korea Institute of Corporate Governance and Sustainability (KCGS) since September of last year.

Last year, the program was conducted as a pilot initiative, covering a total of 28 companies, consisting of 16 KOSPI-listed and 12 KOSDAQ-listed firms.

This year, reflecting consulting demand, the support scale is scheduled to be expanded to 50 companies.

Eligible candidates are listed companies with a corporate governance rating of B+ or lower by KCGS, or those without a rating.

Additionally, applicants must be free of market soundness issues, such as being designated as administrative issues, undergoing trading suspensions, or having been designated as a unfaithful disclosure corporation within the past two years.

If the number of applicant companies exceeds 50 this year, the exchange plans to prioritize those with intentions to submit corporate value-up plan disclosures.

The consulting is conducted by diagnosing each company's current governance status, presenting improvement indicators, and providing advisory services to enhance its governance level.

The exchange plans to accept applications for consulting through the KCGS website until the 28th and select the target companies.

The exchange stated, "We expect this to help more listed companies establish sound corporate governance and formulate corporate value-up plans."

(Photo: Yonhap News)
※ Please note: This article was translated by AI and may contain errors.