Definition

Inquired disclosure is to ensure fair trading of securities and protection of investors by requesting a listed corporation to clarify about the existence of any important information and to make a disclosure if and when there is any rumor or a media report regarding major corporate management-related things or a significant fluctuation in the stock's price or the traded volume.

Matters subject to Inquired Disclosure
  • Obligatory disclosure issues (KOSPI Market Disclosure Regulation §7)
  • Obligatory disclosure issues of subsidiaries (KOSPI Market Disclosure Regulation §8)
  • Obligatory disclosure issues of SPAC (KOSPI Market Disclosure Regulation §11)
  • Obligatory disclosure issues of foreign listed corporations (KOSPI Market Disclosure Regulation §25)
  • Fair disclosure issues (KOSPI Market Disclosure Regulation §15 & §16)
  • Matters subject to the voluntary disclosure (KOSPI Market Disclosure Regulation §28)
  • Matters equivalent to the required subjects as mentioned above
Compliance with the Request for the Inquired Disclosure

If a listed corporation is requested to make an inquired disclosure due to rumors, etc. in the morning, then it must reply by the afternoon of the same day. If the inquired disclosure is requested in the afternoon, then the listed corporation must reply by the morning of the next day. However, if a listed corporation is requested of an inquired disclosure related to stock trading situations of KOSPI Market Disclosure Regulation §40②, then it must reply by the day after the request.