Korea ranked 5th in the Asian Governance Association's corporate governance ranking... Go up 3 levels

(Seoul = Yonhap News) Reporter Kang Su-ryeon = The Financial Services Commission announced on the 4th that Korea ranked 5th in the Asian Governance Association (ACGA)'s '2026 Corporate Governance Ranking of 12 Asia-Pacific Countries'.

It rose three places this year from 8th in 2023. The ranking has been steadily rising from 12th in 2016.

The Financial Services Commission analyzed that it had been recognized for its achievements in institutional improvement, including the revision of the commercial law and the disclosure of voting results at general shareholders' meetings on the same day.

ACGA also highly praised the unusual announcement of a public thank-you letter last June.

In particular, it received high scores in that system improvements led to changes in the behavior of Korean listed companies.

Domestic listed companies canceled treasury stocks worth 90.9 trillion won from January to September this year. This is 4.2 times the amount of 21.4 trillion won last year.

Last year's dividend size was 56 trillion won, which is steadily increasing from 37.4 trillion won in 2023.

The Financial Services Commission said, "We will not be complacent with the evaluation results and will continue efforts to improve laws and regulations to protect shareholder rights," and added, "We will continue to pursue corporate governance improvement tasks, such as institutionalizing corporate value enhancement programs and ESG (environmental, social responsibility, and corporate governance improvement) disclosure."