Vice Chairman Kwon Dae-young of the Financial Services Commission presided over the 6th taskforce meeting on ESG finance with officials from related government ministries, industry groups, and private sector experts on February 4. With the establishment of the 2035 nationally determined contribution (NDC) last November, Vice Chairman Kwon said that it is necessary to prepare a roadmap on ESG disclosures to help resolve uncertainties for businesses. However, considering the need to ensure a sufficient timeframe for preparation, Vice Chairman Kwon said that authorities will seek to ensure a balanced approach regarding the implementation period, etc. The FSC plans to have continuous discussions with related organizations prior to introducing a final version of sustainability disclosure standards at the end of this month.