South Korea is introducing mandatory sustainability reporting from 2028
|
Editorial team
South Korea is introducing mandatory sustainability reporting. The largest companies listed on the KOSPI index (assets over $20 bn) will start reporting climate data from 2028, with smaller firms joining gradually. The standards are based on the ISSB (IFRS S1 and S2), but Korea gives companies more time — mandatory Scope 3 emissions reporting after three years instead of one.
Third‑party verification will initially be voluntary, and penalties will initially be replaced by advisory support. The final version of the rules is expected in April 2026.
South Korea
ESG reporting
ISSB
IFRS S1
IFRS S2
Scope 3
sustainability
Related articles
Data on ESG help improve company management
Companies that monitor, and possibly also report, their sustainability data see significant value in this data for formulating their business strategy and managing the firm. This is confirmed by the …
Eliška Kozubíková
READ MORE
California set August 2026 as the deadline for the first mandatory corporate climate reports
California set August 10, 2026 as the first deadline for mandatory corporate climate reports. The new regulation will affect over 4,000 American companies....
Editorial team
READ MORE
Korea introduces mandatory ESG reporting
The Korean Financial Services Commission (FSC) released the final roadmap for mandatory ESG reporting. Compared to the original proposal, it significantly expanded the scope of companies it will cover. The …
Editorial team
READ MORE