The Financial Services Commission (FSC) has announced the reappointment of South Korea by the IFRS Foundation as a member jurisdiction of the Sustainability Standards Advisory Forum (SSAF).
The renewed term will run for three years from 2026 to 2028.
Go deeper with GlobalData
Access deeper industry intelligence
Experience unmatched clarity with a single platform that combines unique data, AI, and human expertise.
The SSAF is an advisory group that supports the International Sustainability Standards Board (ISSB) in the development and revision of IFRS Sustainability Disclosure Standards. Members contribute regulatory and market experience from their jurisdictions to inform the ISSB’s work.
The 2026–28 SSAF will include representatives from 16 jurisdictions including Australia, Canada, China, the EU, Japan and the UK. The German Accounting Standards Committee also said last week that it has been selected to serve on the forum.
South Korea will be represented by the FSC and the Korea Sustainability Standards Board (KSSB).
“Korea’s reappointment will facilitate the timely sharing of domestic conditions and concerns for implementation at an international stage and help to enhance consistency between international standards, domestic policies and corporate disclosure practices,” the FSC said in the statement.
South Korea is working to introduce sustainability disclosure requirements in phases, based on standards issued by the ISSB.
The FSC said the SSAF will provide additional channels to bring domestic implementation considerations into international discussions.
The FSC and KSSB are scheduled to attend the first SSAF meeting of the 2026–28 term in March 2026. They will also participate in later meetings to share Korea’s experience and raise issues linked to the rollout of sustainability disclosures.
Additionally, the FSC stated that it will continue to engage with experts, relevant organisations and industry groups to collect views for international discussions and to support alignment between domestic rules and global standards.
