Name | Korea Exchange (KRX) |
Country | Republic of Korea |
Number of listed companies | 2,406 |
Domestic market capitalization | 2,218,658 million US$ |
SSE Partner Exchange | Yes |
Has annual sustainability report | No |
ESG reporting required as a listing rule | No |
Has written guidance on ESG reporting | No |
Offers ESG related training | Yes
- 2019 KRX Index Conference, which focused on ESG investment.
- In 2022, KRX provided training on Climate-related Financial Disclosures (TCFD recommendations) in collaboration with the SSE, CDP and IFC. (source)
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Market covered by sustainability-related index | Yes
KRX Indices: - KRX ESG Leaders 150
- KRX Governance Leaders 100
- KRX Eco Leaders 100
- KRX ESG Social Index
- KOSPI 200 ESG.
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Has sustainability bond listing segment | Yes
- KRX launched on June 2020 the SRI (Socially Responsible Investment) Bonds
- The issuing proceeds of SRI bonds are used for projects that are eco-friendly or generate social benefits, and they are called green, social and sustainable bonds. They are also referred to as ESG, thematic and social contribution bonds.
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Has SME listing platform | Yes
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Women on boards mandatory minimum rule | Yes
- There is a mandatory minimum rule of at least 1 woman on boards. Source: MSCI. (2020). Women on Boards: 2020 Progress Report. Details of the rule: As of July 2020, a large listed company should not have a board comprising only one gender.
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Additional information | |
Organizational model of stock exchange | - Demutualized for profit; demutualization in progress.
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Regulatory bodies | |
Regulatory model | Limited Exchange Self-Regulatory Organization (SRO) Model - The Korea Exchange has regulatory authority over the listing requirements and certain trading rules such as membership eligibility. The Securities and Futures Commission (SFC) is a sub committee of the Financial Services Commission (FSC); the organisation with the responsibility of Korea's financial markets. The SFC's primary regulatory responsibilities are: market surveillance, company accounting standards and audit reviews, as well as other responsibilities delegated from the FSC. There is a mix of regulatory authority but the majority, and some of the most important, responsibilities fall under Korea's SFC and FSC.
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About the stock exchange | Location: Seoul, Republic of Korea - The Korea Exchange (KRX), which was launched in January 2005 by consolidating the four domestic markets, is committed to further the market credibility, customer-oriented management and confidence of organization, thus building up itself as a leading capital market in Northeast Asia. The Management Strategy Division establishes the business strategy and management reform agenda, and proposes the long-term vision necessary for enhancement of the KRXs reputation. (Source).
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