The designation is given each year to listed companies on the benchmark KOSPI market that have established systematic disclosure management and actively communicated with investors.
Korean Air said it was recognized for efforts over the past year to provide timely and accurate disclosures. The company said it met statutory filing deadlines and made quarterly checks and guidance on ad-hoc disclosures a regular practice to prevent omissions.
It also said it provided prompt and accurate information on unannounced matters, including market rumors, to reduce information gaps and build trust with shareholders and investors. The airline said it also provided English-language investor relations materials for overseas investors.
“This award reflects the results of all employees working together for transparent and responsible management,” a Korean Air official said.
The Korea Exchange selects disclosure excellence companies each year for contributing to greater transparency and trust through timely and accurate disclosures.
Korean Air said the selection brings benefits including a one-time, five-year grace period from being designated an unfaithful disclosure company, a one-year exemption from annual charges and listing fees after selection, and an exemption from required annual training.
* This article has been translated by AI.
Copyright ⓒ Aju Press All rights reserved.