Korea Reappointed to IFRS Sustainability Standards Advisory Forum

FSC Korea News

Published March 20th, 2026

Detected March 20th, 2026

Summary

The Financial Services Commission announced that Korea has been reappointed to the IFRS Foundation's Sustainability Standards Advisory Forum (SSAF) for the 2026-2028 term. Korea, represented by the FSC and KSSB, will continue to contribute its policy experiences to support the development of IFRS sustainability disclosure standards.

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What changed

Korea has been reappointed as a member jurisdiction of the IFRS Foundation's Sustainability Standards Advisory Forum (SSAF) for the 2026-2028 term. This reappointment signifies Korea's continued role in advising the International Sustainability Standards Board (ISSB) on the development and enhancement of global sustainability disclosure standards. The SSAF provides a platform for member jurisdictions, including the EU, UK, China, Japan, Australia, and Canada, to share policy experiences and market environments.

This reappointment offers Korea an opportunity to align its domestic sustainability disclosure practices with international standards as it prepares for phased adoption. The FSC and the Korea Sustainability Standards Board (KSSB) will actively participate in SSAF meetings to relay domestic conditions, concerns, and experiences, thereby enhancing consistency between international standards, domestic policies, and corporate disclosure practices. The FSC plans ongoing engagement with experts and industry groups to ensure domestic rules remain aligned with global discussions.

What to do next

Participate in the first SSAF meeting for 2026-2028 in March 2026.
Continue to relay Korea's experiences and concerns regarding the implementation of sustainability disclosures in subsequent meetings.
Engage with experts, related organizations, and industry groups to gather opinions for international discussions.

Source document (simplified)

Press Releases

Korea Reappointed as Member of IFRS Foundation's Sustainability Standards Advisory Forum Mar 20, 2026
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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.