The government of Korea has identified the low-carbon green industries as the new growth engine and has been providing an active policy support for the development of green technologies and industrial infrastructure, as well as providing information on investment in green business. In support of such government efforts, the Korea Exchange (KRX) has amended the KOSPI Market Disclosure Regulation, requiring the listed companies to voluntary disclose the management information on green business. The amended regulations will become effective on January 1, 2011.
In amending relevant regulations, the KRX made an effort to minimize the workload of listed companies by requiring the companies to voluntary disclose the matters certified by the licensed accrediting institutions.
The green business information subject to the disclosure includes; 1) acquisition or termination of green business license, and confirmation of company specializing in green business or compliance certification for green business/technology and cancellation of confirmation thereafter, 2) designation as the management company (e.g.. greenhouse gas emission company or energy consumption company) and termination of designation thereafter, 3) imposition of the measures by the government (e.g., improvement order, correction or additional improvement order, imposition of fine, etc.), 4) designation as the green business company or termination of designation thereafter, and 5) purchase or sales of carbon emission rights.