LS Designated as Unfaithful Disclosure Entity—Fined 8 Million Won
LS Corp. has been fined 8 million won ($6,000) and designated as an unfaithful disclosure entity by the Korea Exchange for failing to promptly report a major industrial accident at its subsidiary.
Payment Service Fees to Be Disclosed Based on 'Actual Revenue'—Scope of Mandatory Disclosure Expanded
South Korea’s financial regulators will expand mandatory disclosure of payment service fees, requiring companies to reveal only actual revenue, aiming to boost transparency and drive down costs for merchants.
South Korea's Korea Exchange will require listed companies to promptly disclose serious industrial accidents and related criminal penalties, expanding transparency obligations to subsidiaries and affiliates under new rules set for implementation after regulatory approval.
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Korea Exchange to Mandate Disclosure of 'Serious Industrial Accidents' by Listed Companies
South Korea's Korea Exchange will require listed companies to promptly disclose serious industrial accidents and related criminal penalties, expanding transparency obligations to subsidiaries and affiliates under new rules set for implementation after regulatory approval.
Corporate Governance Report Disclosure Requirements Expanded—All KOSPI-Listed Companies to Submit Reports
South Korea will require all KOSPI-listed companies to submit corporate governance reports from next year, expanding disclosure rules to 842 firms regardless of asset size.
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