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Guidelines on Disclosure of Corporate Governance, 2021



The 2021 South Korea Guidelines on Disclosure of Corporate Governance provide guidance to companies on how to disclose information related to their corporate governance practices. The guidelines apply to all listed companies in South Korea and aim to enhance transparency and accountability. The guidelines cover a wide range of topics, including the structure and composition of the board of directors, the independence and qualifications of directors, board committees, executive compensation, and shareholder rights. The guidelines emphasize the importance of disclosing information accurately and comprehensively to enable investors to make informed decisions. They also recommend that companies adopt international best practices and standards, such as those developed by the OECD and the International Corporate Governance Network. In addition to providing guidance on disclosure, the guidelines also recommend that companies establish appropriate corporate governance practices, such as a board of directors that is independent and competent, and effective risk management and internal control systems. The guidelines also encourage companies to engage with their shareholders and other stakeholders to promote long-term sustainable growth. The guidelines were developed by the Korea Exchange, the Financial Supervisory Service, and the Korea Corporate Governance Service, in collaboration with other stakeholders. They are expected to be reviewed periodically and updated as necessary to reflect changes in corporate governance practices and international standards.


South Korea





Issuer (type)

Korea Exchange (KRX) (Stock Exchange)

Instrument type


Disclosure instrument


Geographical scope


Mandatory or voluntary


Text analysis

    • Low 0.31%
    • Low 0.00%
    • E focus: environment
    • S focus: diversity, fair disclosure, compensation
    • G focus: audit, fair disclosure, accountability
    • Education, Finance, Management, Professional services, Transportation