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South Korea reappointed to IFRS Foundation SSAF for 2026–28
Yahoo Finance· 2026-03-23 10:11
Core Points - South Korea has been reappointed as a member jurisdiction of the Sustainability Standards Advisory Forum (SSAF) by the IFRS Foundation for a term from 2026 to 2028 [1][3] - The SSAF supports the International Sustainability Standards Board (ISSB) in developing and revising IFRS Sustainability Disclosure Standards [2] - The 2026–28 SSAF will include representatives from 16 jurisdictions, including major economies such as Australia, Canada, China, the EU, Japan, and the UK [3] Group 1 - The reappointment will enhance the sharing of domestic conditions and concerns regarding sustainability disclosures on an international level, promoting consistency between international standards and domestic policies [4] - South Korea is implementing sustainability disclosure requirements in phases, aligned with ISSB standards [4] - The FSC and Korea Sustainability Standards Board (KSSB) will attend the first SSAF meeting in March 2026 and participate in subsequent meetings to share experiences and address issues related to sustainability disclosures [5] Group 2 - The FSC will engage with experts and industry groups to gather insights for international discussions and support alignment between domestic regulations and global standards [6]