2024 Business Report Inspection Results and Public Briefing Session Held

On "01/07/2025", the "Financial Supervisory Service (FSS)" issued an update regarding "2024 Business Report Inspection Results and Public Briefing Session Held". The inspection focused on 260 companies, highlighting a significant number of cases where key financial information was missing or incorrectly reported in their business reports. These issues included: * Missing or incomplete disclosure of accounts receivable and bad debt reserves * Lack of detailed explanations for changes in capital stock or treasury stock holdings * Failure to properly disclose the results of internal audits and reviews * Inadequate disclosure of related party transactions and conflicts of interest The FSS also emphasized the importance of accurate reporting, particularly in cases where investments are made or received from other companies.