Version 16 - November 2025 (template release)
Template release pack
This release focuses on the legislative content changes and correction updates for the period ending December 2025. The template is available on platform 6.28.9259 / 6.29.9459 / 6.30.9574 / 6.31.9627 / 6.32.9713 / 6.33.9810 / 6.34.9900.
Release notes
- Period end: December 2025
- Update type: Major (Legislative and Corrections).
Overview
This Korea Corporate Template Content Version 16.0 is a Major release that includes important legislative updates, aligned with IFRS changes, as well as several enhancements and corrections.
Key legislative updates in this version are effective for annual periods beginning on or after
December 2025
. These updates include:
- Amendments to K-IFRS No. 1021 Effects of Changes in Foreign Exchange Rates: Lack of Exchangeability
- Amendments to K-IFRS Annual Improvements – K-IFRS No. 1101 First-time Adoption of K-IFRS: Application of hedge accounting upon first-time adoption, K-IFRS No. 1109 Financial Instruments: Derecognition of lease liabilities and definition of transaction price
- K-IFRS No. 1110 Consolidated Financial Statements: Determination of de facto agents, K-IFRS No. 1107 Financial Instruments: Disclosures: Gains and losses on derecognition, K-IFRS No. 1107 Financial Instruments: Disclosures: Implementation guidance, K-IFRS No. 1007 Statement of Cash Flows: Cost method
- Amendments to K-IFRS No. 1109 Financial Instruments and K-IFRS No. 1107 Financial Instruments: Disclosures – Classification and measurement of financial instruments
Legislative update information
For detailed and specific changes, kindly refer to the Content Change List PDF available in the release pack.
Accounting Reference Number | Details |
|---|---|
K-IFRS No. 1021 | Amendments to K-IFRS No. 1021 Effects of Changes in Foreign Exchange Rates: Lack of Exchangeability |
K-IFRS Annual Improvements | Amendments to K-IFRS Annual Improvements:
|
K-IFRS No. 1109 | Amendments to K-IFRS No. 1109 Financial Instruments and K-IFRS No. 1107 Financial Instruments: Disclosures – Classification and measurement of financial instruments |
Correction
Item ID | Title | Details and Limitations |
|---|---|---|
3065356 | Defects fix from RTF extraction (draft vs publication) | A few inconsistencies were found during RTF publication extraction when comparing the latest publication with the draft or regression OAP. These were most likely cosmetic changes, so they did not have a significant impact on the publication, but they have now been corrected and improved. |
Features
Item ID | Title | Details and Limitations |
|---|---|---|
3075738 | Footers moved under headers in the main sections of the report | During the review of the full publication, it was identified that the footer should be moved under the headers (see screenshot below).  This change better aligns with IFRS and does not cause any display issues in the Table of Contents (TOC) or with page number continuation in Preview mode. The footer relocation has been applied to the following 9 areas:
|
Content changes
Item ID | Title | Details and Limitations |
|---|---|---|
3065943 | Legislation: Updates to the Consolidated Note 2.4 Changes in accounting policies and disclosures | A legislative update has been applied to Note 2.4 to reflect the financial year changes relating to “Amendments to K-IFRS No.1021 Effects of Changes in Foreign Exchanges Rates: Lack of Exchangeability”. For further details, please refer to the relevant Content Update Document (CUD) and the “LEGISLATIVE UPDATE INFORMATION” section above. |
3065948 | Legislation: Updates to the Consolidated Note 35 Standards issued but not yet effective | A legislative update has been applied to Note 35 to reflect the financial year changes relating to the "Amendments to K-IFRS Annual Improvements." For further details, please refer to the relevant Content Update Document (CUD) and the "LEGISLATIVE UPDATE INFORMATION" section above. |
3065949 | Local Overlay: Appendices 7-9 updates | 3 new appendix sections (Appendices 7, 8, and 9) have been added to the Korean template. As this content is specific to the Korean template, it has been updated under the appendices as local overlay content. |
XBRL changes
There is no XBRL for this template.
Known Issues
Item ID | Details and Limitations |
|---|---|
1 | Upgraded OAP file to 6.29.9459 is available in this release pack. However, for users wishing to update to the 6.29 platform, please note that there is a known issue where even when elements are displayed as “Never”, the report will still display the element. |
Additional Information
Item ID | Details and Limitations |
|---|---|
1 | Please note: For legacy content (older content), the original approach was to delete such content after a few years. These sections were marked in the template as "to be deleted 20XX" and this was communicated via the release notes when legacy content was created in a given year. However, a new approach to handling legacy content is currently being considered. Instead of removing it after X years, legacy content is likely to be retained (i.e., older content will not be removed). The approach and related features are under internal discussion. Once the new approach is confirmed, it will first be informed via the release notes and then applied. |
[Not Implemented] | Please refer to the above additional information. As mentioned elsewhere in the current release notes, this release includes updates not only from the 2024 legislative changes but also from general refinements and formatting adjustments to the model content for better alignment with IFRS practices and overall context. The details have been marked in the publication-related documents, such as the full content change list, illustrative model content, sprint summary, release notes, and so on. * The following information has also been described in the previous version release notes (version 13). Please note that the changes outlined below are provided as examples only, and for a more in-depth understanding of the alterations in this release, please refer to the “Track Changes Illustrative Model document”, “KR Corporate Template (Yellow - 12.2023) (P 6.28.9259 C 12.0 - Content Change List (Full Version))”, and “KR Corporate Template (Yellow - 11.2022) (P 6.28.9259 C 10.0 - Illustrative Model FS)”. Additionally, within our application, users will be prompted by the AP to "View Differences" when upgrading to a new template version, allowing a comprehensive review of all changes implemented. Furthermore, it is anticipated that another review for IFRS-alignment in the KR template may occur in the coming year. In the event of such a review, detailed information will be provided as outlined below. |
2411598 (parent: 2411594) | The Trial Balances (TB) of the Korea template has undergone adjustments as part of the IFRS-alignment work. These adjustments encompass the segregation of accounts, additions, deactivations (no longer in use), and other modifications. In Version 12's release pack, we are introducing two types of TB – one labelled as OLD and the other as NEW, representing the adjusted version. This approach allows existing users sufficient time to incorporate the adjusted TB into their current templates. Both versions will be provided for the next three years, until 2026. After the December YE2026, the OLD TB will be removed from the release pack. Two legacy folders have been added as part of the IFRS-alignment work:
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1) Significant updates resulting from IFRS-Alignment work | Please be aware that detailed information about the changes, including the items listed below, has been annotated in our Track Changes Illustrative Model PDF and the Full Content Change List. |
2411598 (parent: 2411594) |
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Major updates from IFRS-Alignment work | Please be noted that comprehensive details regarding the changes and updates, including the items listed below, have been clearly outlined in our Track Changes Illustrative Model PDF and the Content Change List Full. |
2411600 (parent: 2411594) | 2.3.3 (유동성/ 비유동성분류): This section has been removed from the Notes to the Financial Statements this year and the remaining note numbers have been updated accordingly. This update has not been recorded in the CUD but just by our publication provider to corporate the current year content update. |
2411600 (parent: 2411594) | 2.5.3 (기본주당이익 및 희석주당이익에 미치는 영향): It has been confirmed from our publication providers that the information for Earnings Per Share (EPS) is not relevant to our client scope, hence the display or content update of the corresponding section is not required. |
2411604 (parent: 2411594) | 5 (영업부문정보): This section was only existing in KR template, but not in our IFRS template. Our publication provider has confirmed that this information is not necessary for our client scope. Consequently, the section has been relocated under the IFRS-Alignment legacy folder. |
2411608 (parent: 2411594) | 12.4 (금융수익): Numerous line items in the current table within Note 12.4 were removed to conform with IFRS standards. Consequently, a new table was generated, and the previous one has been relocated to the IFRS-Alignment legacy folder. It is important to highlight that tables under Note 12 underwent substantial changes in content during the update and restructuring to align with IFRS features. |
2411608 (parent: 2411594) | 12.5 (기타수익): A new table has been built as some lines in this new 12.5 table has been a part of the previous 12.4 table. The former table is now stored under the IFRS-Alignment legacy folder. Kindly consult the folder for reference to legacy information. |
2411608 (parent: 2411594) | 12.6 (연결손익계산서에 포함된 감가상각비): Certain accounts (e.g. 순외환차익) can now be linked with the categories, as the Trial Balance has been adjusted to align with IFRS standards. |
2411608 (parent: 2411594) | 12.9 (관리비): Most accounts in the table have been re-arranged and newly linked with their respective categories. |
2411610 (parent: 2411594) | 주당이익: Our publication providers have confirmed that the information for Earnings Per Share (EPS) is not relevant to our client scope. Consequently, the display or content update of the corresponding section is not required, and the section has been moved under the IFRS-Alignment legacy folder. |
2411610 (parent: 2411594) | 14 (법인세 이연법인세내역): The corresponding section table has been modified to align with IFRS features, necessitating the creation of a new table. The previous table has been relocated under the IFRS-Alignment legacy folder. |
2411612 (parent: 2411594) | 15 (유형자산 변동내역 table): A new column has been introduced during the alignment with the IFRS template, leading to adjustments in the TB. Additionally, corresponding categories have been newly added to ensure alignment. In other Non-Standard Tables where the Extra 1 and Extra 2 columns were previously incorporated, their categories for Extra 1 and Extra 2 have now been appended under the corresponding account. This adjustment aims to facilitate better reconciliation and alignment. |
2411612 (parent: 2411594) | 16 (투자부동산): For enhanced alignment with IFRS standards, the TB values of the tables under this section have been updated, particularly for the reconciliation of the "사무용부동산" and "상가용부동산" columns. Importantly, the total value of Investment Properties in the TB remains unchanged, ensuring no anticipated issues. Additionally, a reconciliation section has been incorporated into the corresponding table for clarity. |
2411614 (parent: 2411594) | 17 (무형자산): To facilitate IFRS alignment, new categories have been introduced to harmonise with the tables in this section, accompanied by corresponding TB adjustments. With these updates, reconciliation for both cost and accumulated values will be more seamless. It is crucial to emphasise that total values remain unaltered, ensuring no anticipated issues. Reconciliation sections have been added to the tables for enhanced clarity. The tables in the respective note have undergone a general restructuring to align with the IFRS template. Specifically, for the table of "순장부자산," it continues to serve as a category linking table, and an additional category column has been introduced. |
2411616 (parent: 2411594) | 19 (금융자산 및 금융부채): In conformity with IFRS features, certain TB values have been refined (e.g., 이자부차입금's 유동 & 비유동) to enhance reconciliation. Notably, "Long-term borrow" (TB no. 22020100) has been omitted from the TB; however, the adjusted values compensate and maintain the total unchanged. This adjustment has a cascading effect, positively influencing reconciliation in tables under Note 30 (Leases) and Note 19.1 and Note 19.2. |
2411618 (parent: 2411594) | 22 (선급금): This is a new section added as the IFRS alignment process. A category table has been built. Some TB adjustments have been done to reconcile the values in the table. The total value did not change, thus, no issue expected. |
2411620 (parent: 2411594) | 24 (자본금 및 잉여금): Significant updates have been implemented in the tables of this section, encompassing both format and features to align seamlessly with IFRS standards. Consequently, the previous versions have been relocated to the IFRS-Alignment legacy folder. |
2411620 (parent: 2411594) | 25 (배당금): In response to the IFRS template review, a new table format has been introduced. Subsequently, the previous version has been archived under the IFRS-Alignment legacy folder. |
2411628 (parent: 2411597) | 30 (리스): Additional categories have been incorporated to facilitate value reconciliation, resulting in corresponding TB adjustments. While the total values remain unchanged, there is a column labeled "리스부채" that is no longer in use. This column has been marked with "(no longer in use)," and it is slated for removal in FY2026, three years from now. |
2411630 (parent: 2411597) | 31 (퇴직급여): Significant updates have been made to the tables in this section, incorporating new formats and features to align with IFRS standards. Consequently, the previous versions have been relocated to the IFRS-Alignment legacy folder. |
2411632 (parent: 2411597) | 34 (특수관계자 공시): Some tables in this section have undergone reconstruction to adhere to the IFRS template, resulting in the creation of an entirely new section. The previous version has been archived under the IFRS-Alignment legacy folder. |
2411636 (parent: 2411597) | Appendices: In this release, the Appendices have been introduced to our template as part of the IFRS alignment work. The Appendices are categorised into two parts – one is “Appendix - K-IFRS Overlay (local based)”, spanning Appendix 1 to Appendix 5, and “Appendix - IFRS based” covering Appendix 5 to Appendix 9. The “Appendix - K-IFRS Overlay (local based)” contains information specific to the local context, serving additional informational purposes. On the other hand, "Appendix - IFRS based" presents the translated version of the current IFRS illustrative model's appendix, encompassing all IFRS-aligned appendix content relevant to our client scope. |
2 | Reference to the feature no., “2330237”, please be noted that the sub-NLUC folders will be deleted in 2024’s December Year-End release. Another sub-NLUC folder with FY22 will be added next year’s feature release (during half-year). * The following information has also been described in the previous versions’ release notes (prior to version 12). |
3 | Regarding Export to Excel of Annual Report that has been known issue to this template, it has been fixed in the past release. The cause of the issue was related to manual tables that were made with merged cell, the way of forming the tables has been adjusted by not using merged cell format, and now the function is working fine, which means no need to untick manual tables under the Annual Report to export it to excel. Also, the tables are still following the publication feature, and since the adjusted manual tables have been replaced with the existing ones, the specific IDs given to these table elements did not change, which means that users will not lose their existing data by this update. Please be noted that this feature has been made available since the version 8 release. |
2248507 | To align the Korea template better with the IFRS template, some dummy value presentation has been updated with XX, as where as applicable. The affected areas have been estimated for around 17 Note sections. Please be noted that if those areas have been customised already from the user-end, this change will not flow to their template (i.e. there will not be any data overwritten by this feature update). Furthermore, when users wish to give updates on some illustrative values in their report, they can manually adjust the text by hard-coded text, instead of using the ‘text variable feature’ made in version 6 release (ID# 1875947). For more details of it will be mentioned separately again below (Additional Information Item ID no. 4). The user story has been created to record this update with some relevant screen captures, and its ID# is 2248507 for its further reference. Please also be kindly noted they have been provided as example purpose, and there possibly could be more areas not listed there and below. Users can use it as reference points to keep their existing data before upgrading to this release version, so that any data loss can be prevented just in case. In our system, there is also the option to preview the updates by “View Difference” pop-up button before implementing the actual “Upgrade”. Most of the affected areas can also be viewed in our track change report or content change list (full) report which is included in this release pack as well. The followings list out the note sections and the approximate number of elements affected from this adjustment (e.g., in one paragraph, there could be more than more word/ element has been changed).
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4 | For users’ further references, please be noted that when you wish to change the naming of columns in grids, it can be done via Column then Rename feature. However, please do not change their existing IDs, otherwise, you will lose your current data and linking to it. |
5 | As briefly mentioned above, if you wish to enter your illustrative values to your templates, you can now do it via manual typing, instead of using the “text variable feature” which is adjusting the illustrative figures by variables at its folder level. This feature was made in the earlier version 6 release. The ID# 1875947 for your reference to it, and the details of this update has been described under Feature section of the version 6 release note. This feature will be faded out in a few years for the consistency with the other templates and for better feasibility as well. Once it has been decided to be removed from the draft template, it will be informed in a release note in advance before the change, so that users can have some time to be aware of it and retain their existing data just in case. |
6 | For the “legislative reference rows” that appear in some of the content in the template, users can turn this function off from [FY] Report | Setting, Table, Condition, then tick of the last row (회계기준코드 열, i.e., accounting legislation code row) if they do not wish this to be appearing. This function was added in the past release but just informing here once again for users’ further references. |
Impact on existing clients
There are no impacts identified for this release.
Deviations from standard configuration
There are no deviations identified for this release.
Appendix
There are no appendix items for this release.
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