Financial Services Commission to Further Open Financial Public Data Including Corporate Governance and Insurance

The Financial Services Commission will further open up additional financial public data held by the Financial Supervisory Service and the Insurance Development Institute.

On November 26, the commission announced that it would additionally release the Financial Supervisory Service’s stock issuance information and corporate governance disclosure data, the Insurance Development Institute’s automotive insurance victim and life insurance accident cause statistics, as well as the Korea Exchange’s Environmental, Social Responsibility, and Corporate Governance (ESG) index and securities product information.

The stock issuance information and corporate governance disclosure data provide details on listed companies’ capital raising status, executive status, and changes in the number of shares.

The automotive insurance victim statistics offer data such as the number of fatalities, degree of injury to victims, and insurance payout per person, which can be used as foundational materials when improving insurance systems. The life insurance accident cause information includes death data by age group, gender, and cause of death.

The ESG index and securities product information provide data such as the component stocks for each index, rate of change, and trading status, which can be used to establish ESG investment strategies.

Additionally, the Korea Housing Finance Corporation’s reverse mortgage subscription information and the Korea Financial Investment Association’s fund product sales status have also been included in this round of additional data releases.

Since opening financial public data in June 2020, the Financial Services Commission and 14 related financial institutions have annually expanded the scope of released data to include information on individual business owners, flooded vehicles, and social financial support, among others.

As of the end of last month, 102 application programming interfaces (APIs) and 335 tables were available on the public data portal. To date, there have been 31,543 API usage applications and 684.75 million data queries.

The Financial Services Commission plans to expand the foundation for AI-friendly utilization of financial public data next year by discovering and opening data in connection with the national artificial intelligence (AI) strategy.