Vice Chairman Kim Soyoung of the Financial Services Commission presided over the 4th taskforce meeting on ESG finance on April 22 and outlined basic principles and key details of an open draft on domestic ESG disclosure standards. In this opening remarks, Vice Chairman Kim laid out basic principles behind the open draft, stating that the draft standards have been prepared to meet global consistency and that they strike a reasonable balance between the needs of investors and those of businesses. A full version of the open draft on domestic ESG disclosure standards is expected to be made public on April 30. The FSC expects that the introduction of ESG disclosure standards will help to boost the competitiveness of our economy and businesses, while laying foundation for a more sustainable growth.