South Korea
The PRI welcomes the Korea Accounting Standards Board’s Exposure Drafts, which have been developed in response to the International Financial Reporting Standards (IFRS) S1 and S2 disclosure standards. The PRI is however unable to consider the original and full exposure draft, which has only been provided in Korean. Based on the English press release highlighting key characteristics of the KSDS, we understand that there are significant differences with IFRS S1 and S2 provisions. Our recommendations therefore focus on greater alignment with the global baseline set by the ISSB.
