Vice Chairman Kim So-young attended the international sustainability reporting seminar hosted by the Korea Accounting Institute and the Korea Sustainability Standards Board on August 17 and delivered congratulatory remarks. In his speech, Vice Chairman Kim emphasized the importance of ESG disclosures as they provide measurements on companies' ESG activities and provide them to investors. Speaking about some of the particular characteristics of Korea's economy such as the high level of external dependency and resiliency in crisis situations, Vice Chairman Kim said that the authorities will take into account particular traits of domestic industrial structures as well as the realistic burdens of businesses and investors' needs in formulating ESG disclosure rules. The FSC plans to draw up ESG disclosure standards after collecting opinions from various stakeholders.