S Korea – FSS Substantial Shareholding Disclosure Booklet

S Korea – FSS Substantial Shareholding Disclosure Booklet

On 19 March 2026, SK FSS updated a booklet on substantial shareholding disclosure.

  • SK FSS issued a booklet on the shareholding disclosure system updated in December 2025.

Outline of Updates

  • The booklet reflects amendments to laws/regulations and institutional improvements, and addresses difficulties in compliance with reporting requirements.
  • For this publication, the KOSDAQ Listed Companies Association newly participated to incorporate accumulated consultation cases in collaboration with SK FSS.
  • It also provided detailed explanations of frequently occurring violations and checklists that can be utilized by those required to disclose information related to substantial shareholding.
  • The relevant forms were revised to reflect the expanded disclosure re voting rights in case of reporting tender offers / Takeovers and substantial shareholdings.
  • In addition, a disclosure form was created in relation to the system of reporting a plan to trade specific securities by executives.