The Financial Investment Services and Capital Markets Act, 2013

South Korea Current 2013

If the annual salaries of registered executives and auditors exceed KRW 500 million, this Act requires that their pay information should be disclosed on an individual basis in the annual report. This should be complemented by commentary on the connection between pay and performance.

Scope

Governance

Industry sectors covered by the instrument

All/none specified

Organizations covered by the instrument

All organizations

Issuer type

Financial Regulators

Type of instrument

Legislation

Mandatory or voluntary

Mandatory

The geographical scope

National/federal

Project Partners