Disclosure rule violations drop in South Korea in 2021

Regulatory filing rule violations in South Korea last year dropped by nearly 50% from a year earlier, according to data from the Financial Supervisory Service. There were 87 cases of violations last year involving 73 listed and unlisted firms. The number was sharply down from 193 violations a year earlier and marked the lowest since 2018, when the figure fell to 65. Analysts said the drop in violations was a result of stepped-up efforts to protect investors from misleading or false information. Of the total violations, 21 cases, or 24.1% were subject to penalties, while 66 cases, or 75.9%, received a light punishment, such as warnings and orders for taking corrective measures, the data showed.