South Korea's Financial Services Commission will require around 100 large KOSPI-listed companies to disclose carbon emissions, reduction targets, and climate risks in business reports starting 2028. The mandate expands to more firms by 2030 and includes third party verification. Businesses warn that relying on estimates for future climate impacts could create legal risks and compliance costs without driving real emission cuts. The phased rollout covers companies with assets over 10 trillion won first, then lowers the threshold. Critics say the rules lean too heavily on projections and could benefit consulting firms more than the climate. The article is worth reading for anyone tracking how Asia's major economies are structuring mandatory climate reporting and where the friction points are between regulators and industry.
