The Financial Services Commission said on the 26th that it will additionally open public data related to the capital market, insurance, and reverse mortgages held by the Financial Supervisory Service, Korea Exchange (KRX), Korea Financial Investment Association, Korea Insurance Development Institute, and Korea Housing Finance Corporation (HF). The scope of the opening is eight APIs, 14 tables, and 162 items.
The Financial Services Commission (FSC) and 14 related financial institutions have sequentially released financial public data since starting the opening in June 2020, including sole proprietor information (2022), flooded vehicle information (2023), and social finance support information (2024). To date, a total of 102 APIs and 335 tables have been opened through the Public Data Portal, with cumulative API usage applications at 31,543 and about 684.75 million data queries.
The key data being opened this time include core information such as listed corporations' capital-raising status, executive composition, and changes in the number of shares. It will help identify changes in a corporation's control and financial soundness and is expected to support rational decision-making by investors.
By disclosing index constituent stocks, rate of increase or decrease, and transaction status, the data can be used to analyze ESG investment trends and establish ESG investment strategies. It is also expected to serve as basic material for developing ESG fund products. It will also provide investment tendencies by customer type, sales channel trends, and age, income, and asset level. The data can be used to develop customized products and upgrade recommendation services, and it is expected to contribute to investor protection by identifying sales trends.
Information such as the number of deaths among automobile insurance victims, injury severity, disability rating, and insurance payout per person will be provided and can be used as basic material when improving systems. Life insurance cause-of-claim information provides mortality data by age group, sex, and cause of death. Through this, insurers can refine risk prediction models by life cycle and use them for product development.
By disclosing the status of enrollments in reverse mortgages on dwellings, the data can be used as basic material for policies to secure old-age income for the elderly and for financial institutions' pension product design. When combined with demographics, real estate market information, and welfare infrastructure data, it is expected to be of practical help in formulating policies in the elderly pension and welfare sectors.
The Financial Services Commission plans to expand the opening of financial public data by reflecting opinions from users and experts. In 2026, in connection with the national artificial intelligence strategy, it will push to identify and open financial public data suitable for artificial intelligence (AI) use, and, in parallel with data standardization and quality improvement, contribute to building an innovative ecosystem across the financial industry.