FSS to Sharply Shorten Listed-Company Review Cycle, Raising Oversight Pace

South Korea’s Financial Supervisory Service will sharply shorten the review cycle for listed companies. The move is aimed at reducing the interval between review procedures for listed firms and improving the timeliness of accounting oversight. The source summary did not provide the exact implementation date, the size of the reduction, or detailed scope of covered companies. The issue is directly tied to accounting management and supervisory systems for listed firms, so market participants will need to watch for detailed standards and operating methods. Source: hankyung.com.