ESG: Regulations Summary

FSS announced plans to expand the scope of financial data provision (XBRL) to text and annotations in financial statements on March 6, 2023, in order to improve accounting transparency and resolve information asymmetry in financial statements. However, as companies are additionally obligated to disclose their financial statements (body and footnotes) through the new financial disclosure system. Accounting, disclosure-related departments and private experts from academia, related organizations, associations, etc. Plan to launch a T/F ('23.3.9.) to discuss the soft landing of XBRL financial disclosure Expected to promote healthy growth of the market