"We will strengthen the public disclosure system of listed firms' corporate governance structure to help institutional investors easily figure out their corporate governance," Choi said.

Assessments of corporate governance into each listed firm will be improved, Choi said.

A recent report by the Daishin Economic Research Institute showed that about one-fifth of the listed affiliates of the nation's top 10 family-run business conglomerates, or chaebol, have posted public disclosures of their corporate governance.

Of the 88 listed affiliates of the major business groups, only 17 affiliates made a public disclosure of their governance structure as of September, according to the report by the Daishin Economic Research Institute. (Yonhap)