[Last updated: 1 January 2024, unless otherwise noted]

Listing Agents. Any applicant for listing foreign shares must appoint a listing agent who is based or has an address in Korea and acts as an agent for all the activities pursuant to the KOSPI Market Listing Regulation. A listing agent must be retained as long as the relevant securities are listed.

Disclosure officer. A listed foreign company must designate one officer, one agent and least one staff member to oversee disclosure. Where designating more than two disclosure staff, at least one must meet each of the following requirements:

• An address or residence in Korea.
• Be fluent both in Korean and the language of the home country, unless appointing such person as an assistant.
• Any of the following items:
  • A person who has more than one year of experience in a disclosure staff role of a KOSPI* or KOSDAQ equity-listed company.
  • A person who has completed the training course for certification of disclosure professionals that is offered by the KRX to enhance the expertise of disclosure staff.

* The total accumulated demerit points imposed for having been designated as an unfaithful disclosure corporation during the latest year should not exceed 15 for disclosure staff of a KOSPI-equity-listed company.

The disclosure agent should also meet the above requirements and should be capable of acting on behalf of the relevant listed foreign company for all disclosure that the relevant listed foreign company makes.