"Making Corporate Investment Information Analysis Easier"... 44 Million Converged Financial Public Data Records Released

[Asia Economy Reporter Kim Hyo-jin] A total of 44 million public data related to companies, finance, and capital markets held by financial authorities and financial public institutions will be opened.

According to the financial authorities on the 30th, the Financial Services Commission (FSC) will start a service next month to open 44 million financial public data records, interconnected and converged among data held by the FSC and nine financial public institutions, to the public for free in the form of open APIs. An open API refers to a public communication protocol that allows other programs to access specific data.

The data includes that of the FSC, Financial Supervisory Service, Korea Deposit Insurance Corporation, Korea Development Bank, IBK Industrial Bank of Korea, Korea Credit Guarantee Fund, Korea Securities Depository, Korea Asset Management Corporation, Korea Housing Finance Corporation, and the Korea Inclusive Finance Agency.

Provided by the Financial Services Commission

The opened data consists of 44 million records across 5 core thematic areas?Integrated Companies, Integrated Financial Companies, Integrated Disclosures, Integrated Capital Markets, and Integrated National Asset Auctions?comprising 50 services and 5,500 items, provided through the Public Data Portal (www.data.go.kr).

Among the integrated company information, about 580,000 non-audited corporation records held by financial public institutions are being opened for free for the first time. The integrated disclosure information will provide audited corporation data held by the Financial Supervisory Service’s electronic disclosure system (DART) in the form of open APIs.

The government has promoted the opening of financial public data to encourage convergence with public data from other fields, contributing to private companies’ startups and job creation.

For example, by utilizing integrated company information, integrated disclosure information, and domestic and international news articles, services can be developed to easily analyze and check corporate reputations. Using integrated financial company information, services can also be created to easily verify the locations and management stability of financial companies.

By using integrated disclosure information and integrated capital market information, services can be developed to comprehensively check related information such as disclosure details, dividend information, and bond issuance information of investment companies.

Provided by the Financial Services Commission

An FSC official said, "By opening financial public data, we aim to provide a foundation that creates new value in the daily lives of citizens across various fields such as finance innovation, private company startups, job creation, economy, society, and culture through easy data utilization by the public, academia, and research institutions."

The FSC plans to sequentially open (register) the financial public data open APIs starting early next month and officially open all APIs on the 29th of next month when all opening work is completed.

This content was produced with the assistance of AI translation services.