2.7 The corporations must prepare the disclosures in such a way that their contents are
easily understood and help in making disclosed information available to the users at
minimal cost.
Due to diversification, high-technology, and specialization of industries, corporate information
written in technical language is not always easily understandable to the information users.
Therefore, corporate information should be written using common language that is easily
understandable to the users, and in cases where special technical terminology is used, an
explanatory note should be included. Furthermore, use of ambiguous terms should be avoided.
Corporations should make their annual reports, semi-annual reports, quarterly reports, timely
disclosure and the information distributed at the investor relations seminars available on their
websites on Internet, thus making them available to the public at no cost. Additionally,
corporations should make available the matters relating to the corporate governance, such as the
regulations for the operations of Board’s committees (including the audit committee,
compensation committee and nomination committee) and the business ethics, on their websites
on Internet. For the listed or registered corporations, the corporate disclosures should be made
through the Data Analysis, Retrieval and Transfer System (DART) of the Financial Supervisory
Commission.