KSD and KRX to Share Securities Issuance and Distribution Information in Real Time... 130,000 Cases Annually

The Korea Securities Depository announced on December 29 that it has successfully completed the first phase of the "Securities Issuance and Distribution Information Sharing System Development Project," which it is jointly promoting with the Korea Exchange.

This project enables real-time sharing of securities information, which was previously collected, entered, and verified separately by each institution during the issuance and distribution process. It is the first case in which the two organizations have standardized their vast amounts of data and implemented a seamless flow of securities information-from issuance to distribution and rights-within a system.

Although the issuance and listing work (such as issuance, listing, disclosure, and distribution schedule management) for securities has continued to increase in line with the growth of the Korean capital market, the securities information sector still relied heavily on manual procedures, such as submitting paper documents and searching for disclosures on websites, limiting work efficiency. Furthermore, even though the work and generated information of the two organizations are closely connected, the information has been published in a fragmented manner at each processing stage, resulting in data non-standardization and repeated reproduction of information for subsequent stages, leading to inefficiency.

To address these issues, the two organizations have promoted the establishment and operation of a sharing system that directly transmits and receives information they possess, aiming to overcome manual practices, improve work efficiency, and enhance the overall reliability of market data by linking and circulating issuance and distribution information.

This project not only digitizes the information collection stage but also provides a customized API optimized for mutual data verification and subsequent work automation through data standardization. Currently, the first-phase sharing system has been completed for items that can be immediately implemented in the existing systems of both organizations. For items requiring system upgrades for information standardization and large-scale data transmission and reception, development will be completed in conjunction with the next-generation system by 2027.

The Korea Securities Depository stated, "With this project with the Korea Exchange, which will share approximately 130,000 cases of capital market issuance and distribution information annually, work efficiency and information consistency will be greatly improved." The organization added, "In particular, by systematically resolving potential information discrepancies at every stage of the issuance, distribution, and rights flow, we plan to continuously enhance the stability and transparency of capital market operations."