Expansion of Financial Public Data Access to Special Corporations... 18 Additional APIs Opened

18 Additional APIs Opened in Capital Markets, Insurance, and Community Finance Sectors

[Asia Economy Reporter Park Sun-mi] The opening of financial public data has been expanded to include special corporations, with 18 additional application programming interfaces (APIs) being made available.

According to the Financial Services Commission on the 21st, 18 APIs (40 functions) will be additionally opened based on financial public data held by four special corporations?Korea Exchange, Korea Financial Investment Association, Korea Life Insurance Association, Korea Non-Life Insurance Association?and the Korea Inclusive Finance Agency. Until now, the Financial Services Commission and affiliated financial public institutions have promoted active opening of financial public data and revitalization of private sector use through multilateral business agreements among participating organizations.

With this additional opening of financial public data, in the capital market sector, price information such as stock prices and trading volumes, product information, and market trends will be opened, making it easier to utilize time-series data for price and market analysis and product information. The Korea Exchange will open price information and item information (7 APIs, 17 functions) for stocks, bonds, securities products, general products, and derivatives based on the previous day's closing prices. The Korea Financial Investment Association will open basic financial product information and capital market information (6 APIs, 17 functions) including fund standard codes, retail bond yields, ISA information, disclosures, and comprehensive statistics.

In the insurance sector, by integrating basic insurance product information such as product codes from the life and non-life insurance associations, it will become easier for users to utilize standardized financial product information alongside other data. The Korea Life Insurance Association will open basic insurance product information (3 APIs, 3 functions) including retirement pension fund-specific information, indemnity insurance information, and variable insurance fund-specific information. The Korea Non-Life Insurance Association will open basic insurance product information (2 APIs, 2 functions) including retirement pension fund-specific information and indemnity insurance information.

Furthermore, in the inclusive finance sector, by opening information on loans and asset-building products, it will be possible to improve accessibility to customized products for users and COVID-19 support measures by utilizing interest rates, loan limits, and eligibility criteria. The Korea Inclusive Finance Agency will open basic financial product information and statistical information (2 APIs, 3 functions) including inclusive finance product information and inclusive finance support performance.

A financial authority official stated, "We will continue efforts to enhance user satisfaction with open services by identifying the utilization status of financial public data and additional opening demands," adding, "Next year, we plan to additionally open personally identifiable information within financial public data on individual business operators by de-identifying (anonymizing) it."

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