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 that 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 institutions have standardized their vast amounts of data and implemented a seamless flow of securities information-from issuance to distribution and rights-within a system.

As the Korean capital market has grown, the volume of work related to securities issuance and listing (such as issuance, listing, disclosure, and distribution schedule management) has continued to increase. However, the area of securities information has remained limited in terms of work efficiency due to persistent manual procedures, such as paper document submissions and website-based disclosure inquiries. Furthermore, despite the close connection between the work and generated information of the two institutions, 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 inefficiencies.

To address this, the two institutions have promoted the establishment and operation of a sharing system that allows for direct transmission and reception of information they hold, in order to overcome manual practices, improve work efficiency, and enhance the overall reliability of market data through the linkage and circulation of issuance and distribution information.

This project not only digitizes the information collection stage but also provides customized APIs optimized for mutual data verification and subsequent work automation through data standardization. Currently, the first phase of the sharing system has been completed for items that can be immediately implemented in the existing systems of both institutions. For items that require system upgrades, such as 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, "Through this project with the Korea Exchange, which will enable the sharing of approximately 130,000 cases of capital market issuance and distribution information annually, work efficiency and information consistency will be greatly improved. In particular, by systematically resolving potential information discrepancies at every stage of the issuance, distribution, and rights process, we plan to continuously enhance the stability and transparency of capital market operations."