Vice Chairman Kim Soyoung of the Financial Services Commission held a meeting with businesses, industry groups, and related organizations to discuss key issues surrounding the previously introduced open draft on sustainability disclosure standards on September 19. Since the introduction of the open draft earlier this year, diverse opinions have been gathered from domestic and foreign investors, individual companies, and various industry groups between May and August this year. Among 106 companies that submitted opinions, 96 of them shared the need to introduce an obligation to disclose climate related issues first, which indicates that companies are closely following international trends on climate risks and that they are well aware of the growing impact of climate change on business activities. Regarding the suggestions made by these stakeholders, Vice Chairman Kim said that authorities will look into ways to accommodate their needs while working to attain climate policy objectives. To this end, Vice Chairman Kim said that authorities plan to offer guidelines to reduce confusion and make support available for businesses to facilitate their disclosure filing.