Vice Chairman Kim Soyoung of the Financial Services Commission presided over a meeting with officials from industry groups, investors, related organizations and private sector experts on February 14 and held a discussion on the preparation of domestic disclosure standards for environmental, social and governance (ESG) management. In his opening remarks, Vice Chairman Kim outlined trends in global disclosure standards and direction for domestic standard setting. In this regard, Vice Chairman Kim said that authorities will make sure that domestic ESG disclosure standards will reflect global standards to ensure regulatory consistency and interoperability. Authorities plan to announce a draft proposal in March-April this year.