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Market Chatter: South Korea to Require ESG Disclosures for Larger Firms from 2028

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South Korea will require companies with 10 trillion won or more in consolidated assets to disclose environmental, social and governance (ESG) performance and risk information from 2028, Yonhap News reported Wednesday, citing the government and the ruling Democratic Party.

The mandatory disclosure requirement will expand to firms with 5 trillion won or more in assets in 2029, while authorities are considering to extend it to companies with 2 trillion won or more from 2030, the report said.

About 291 companies are expected to be covered by the mandatory disclosure requirement in 2028, with the number expected to be 3,171 in 2029, it said.

(Market Chatter news is derived from conversations with market professionals globally. This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)

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