"Average Daily Trading Value of 40 Trillion Won..." Electronic Disclosure System DART Crashes Again Amid Flood of Earnings Announcements

[Asia Economy Reporter Lee Seon-ae] On the 28th, when major companies' earnings announcements poured in, investors experienced inconvenience due to access disruptions on the Financial Supervisory Service's electronic disclosure system (DART) website. As earnings disclosures from companies including Samsung Electronics and Naver flooded in, simultaneous access by individual and institutional investors trying to view them concentrated, causing the homepage to be difficult to access smoothly.

Throughout the morning, DART displayed a notice stating, "There are currently too many users causing delayed responses," and "Please try again shortly." As the site repeatedly experienced outages, investors were unable to view key companies' earnings disclosure materials. A Financial Supervisory Service electronic disclosure team official explained, "A sudden surge in users temporarily overloaded the site, causing access disruptions."

Investors' anxiety over the electronic disclosure system, which delivers core corporate information in securities trading, becoming inaccessible is significant. In fact, DART access disruptions frequently occur on days when earnings announcements flood in or when many business reports revealing corporate executives' salaries are submitted near deadlines. This is due to simultaneous user access overwhelming the system. The problem is that during active trading hours, there can inevitably be aftershocks from this. Disclosure information is especially important for individual investors who are inherently vulnerable to limited information access.

The domestic stock market is booming with unprecedented liquidity inflows. Since January, the average daily trading value on the domestic stock market has approached 40 trillion won. Compared to the average trading value in January last year, the KOSPI has increased about fivefold, and the KOSDAQ about twofold. Investor deposits, regarded as massive liquidity waiting funds in the stock market, stand at the 70 trillion won level. This is more than double compared to early last year.

To ease investors' anxieties and sustain the stock market boom, there are growing calls to enhance the stability of DART access, which provides corporate information. A Financial Supervisory Service electronic disclosure team official emphasized, "With server overload in mind, we are making multifaceted efforts such as regular server replacements, performance upgrades, and homepage improvements to provide a comfortable service."

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