South Korean authorities are set to tackle the country’s valuation gap with a comprehensive set of reforms that aim to enhance the visibility and attractiveness of Korea’s public markets.
A few weeks ago we reported that the Financial Supervisory Service (FSS) in Korea was looking to increase the scope of XBRL in financial disclosure to align with global standards and improve market transparency. On 30 March, these plans were finalised.
South Korea’s financial regulator, the Financial Supervisory Service (FSS), has announced that it is considering phasing in mandatory XBRL disclosure and expanding the scope of XBRL to also tagging financial statement annotations and notes.
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