Korea Exchange Awards Outstanding Companies for Governance Report Disclosure This Year

Amorepacific, BGF Retail, Hyundai Electric, Hanjin Heavy Industries, Dong-A Socio Holdings Among 5 Companies Awarded

On the 28th, the Korea Exchange held an award ceremony at its Seoul office conference room to recognize Amorepacific, BGF Retail, Hyundai Electric, Hanjin Heavy Industries, and Dong-A Socio Holdings as outstanding companies for their 2021 Corporate Governance Report disclosures. From left to right: Jaejun Lim, Head of the KOSPI Market Division at Korea Exchange; Sangmok Lee, Executive Director of Amorepacific; Cheolheon Lee, Managing Director of Hyundai Electric; Jaeseok Yang, Managing Director of BGF Retail; Hwantaek Jung, Managing Director of Hanjin Heavy Industries; Seunghyun Ko, Managing Director of Dong-A Socio Holdings; and Younghoon Song, Deputy Head of the KOSPI Market Division at Korea Exchange. Photo by Korea Exchange

[Asia Economy Reporter Gong Byung-sun] The Korea Exchange announced on the 28th that it awarded five companies?Amorepacific, BGF Retail, Hyundai Electric, Hanjin Heavy Industries, and Dong-A Socio Holdings?as '2021 Corporate Governance Report Disclosure Excellence Corporations.'

Since 2019, the Exchange has selected listed companies that faithfully and transparently disclose their governance status according to the 'Governance Guidelines' as excellence corporations in governance report disclosure.

This year's awardees were evaluated as having thorough entries in areas such as ▲enhancement of shareholder participation ▲activities of the internal transaction committee ▲improvement of expertise in internal audit organizations.

Going forward, as the mandatory disclosure target expands to companies with assets exceeding 1 trillion won starting next year, the Exchange plans to supplement the guidelines to ensure smooth and thorough disclosure of governance reports. Additionally, various activities such as practical training for report preparation will be carried out.

An Exchange official stated, "We will continue efforts to expand disclosure of governance information and enhance trustworthiness of listed companies."