The Financial Services Commission announced on March 20 that Korea has been reappointed by the International Financial Reporting Standards (IFRS) Foundation as a member jurisdiction of the Sustainability Standards Advisory Forum (SSAF) for three years (2026-2028).

The SSAF was established as an official advisory group to support the International Sustainability Standards Board (ISSB) in developing and upgrading IFRS sustainability disclosure standards. The members of the SSAF provide support by contributing their policy experiences in each jurisdiction and market environment.

Along with Korea, the SSAF members for 2026-2028 include organizations from 16 different jurisdictions, such as the EU, the UK, China, Japan, Australia, and Canada. From Korea, the FSC and the Korea Sustainability Standards Board (KSSB) will join the SSAF.

Korea’s reappointment will facilitate the timely sharing of domestic conditions and concerns for implementation at an international stage and help to enhance consistency between international standards, domestic policies, and corporate disclosure practices.

As Korea prepares to adopt sustainability disclosure rules in stages based on the international standards put forward by the ISSB, Korea’s reappointment presents more opportunities to be able to align domestic experiences with global discussions.

The FSC and the KSSB will participate in the first SSAF meeting for 2026-2028 scheduled to take place in March 2026 and will also take part in subsequent meetings to continue to relay Korea’s experiences and concerns regarding the implementation of sustainability disclosures.

The FSC plans to have continuous engagement with experts and related organizations and industry groups to gather wide-ranging opinions for international discussions and to make sure that domestic rules remain well-aligned with global standards.

* Please refer to the attached PDF for details.