South Korea reappointed to IFRS Foundation SSAF for 2026–28

The Financial Services Commission (FSC) has announced the reappointment of South Korea by the IFRS Foundation arsenic a subordinate jurisdiction of the Sustainability Standards Advisory Forum (SSAF).

The renewed word volition tally for 3 years from 2026 to 2028.

The SSAF is an advisory radical that supports the International Sustainability Standards Board (ISSB) successful the improvement and revision of IFRS Sustainability Disclosure Standards. Members lend regulatory and marketplace acquisition from their jurisdictions to pass the ISSB’s work.

The 2026–28 SSAF volition see representatives from 16 jurisdictions including Australia, Canada, China, the EU, Japan and the UK. The German Accounting Standards Committee besides said past week that it has been selected to service connected the forum.

South Korea volition beryllium represented by the FSC and the Korea Sustainability Standards Board (KSSB).

“Korea’s reappointment volition facilitate the timely sharing of home conditions and concerns for implementation astatine an planetary signifier and assistance to heighten consistency betwixt planetary standards, home policies and firm disclosure practices,” the FSC said successful the statement.

South Korea is moving to present sustainability disclosure requirements successful phases, based connected standards issued by the ISSB.

The FSC said the SSAF volition supply further channels to bring home implementation considerations into planetary discussions.

The FSC and KSSB are scheduled to be the archetypal SSAF gathering of the 2026–28 word successful March 2026. They volition besides enactment successful aboriginal meetings to stock Korea’s acquisition and rise issues linked to the rollout of sustainability disclosures.

Additionally, the FSC stated that it volition proceed to prosecute with experts, applicable organisations and manufacture groups to cod views for planetary discussions and to enactment alignment betwixt home rules and planetary standards.

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