Korea Securities Depository (KSD) said on the 29th that it completed phase one of the "securities issuance and distribution information sharing system construction project," which it has been pursuing jointly with Korea Exchange (KRX), and began operations on the 22nd.
The core of the system is enabling real-time sharing of securities information that used to be collected and entered separately by each institution during issuance and distribution. KSD said it is the first case of implementing, as a system, the flow of securities information from issuance through distribution and rights by standardizing the large volumes of data held by the two institutions.
The sharing framework is intended to strengthen linkage and circulation by directly sending and receiving information the two sides hold and to enhance trust across market data. Phase-one sharing covers "securities issuance records" and "bond management actions" provided by KSD and "securities standard codes" and "securities listing schedules" provided by the exchange.
Phase two aims to launch the final system in Sep. 2027. The plan is to expand sharing to include KSD's "mandatory stock holding," "bond issuance and balances," and the exchange's "IPO status information" and "key disclosure information."
As the capital market has grown, related tasks such as managing issuance, listings, disclosures, and distribution schedules have increased, but the securities information area has relied on manual procedures like receiving paper documents and checking disclosures on websites, limiting efficiency gains.
KSD said it expects that if the two institutions share about 130,000 capital market issuance and distribution items annually, operational efficiency and information consistency will improve significantly.
A KSD official said, "Although tasks and the information generated across the full cycle of issuance, distribution, and rights have been closely connected, breaks at each stage have led to data nonstandardization and inefficiencies from repeated reproduction."
The official added, "Through standardization and integrated management of market data, the reliability of securities information will be further strengthened," and said, "We will expand automatic verification of consistency across issuance, disclosure, and distribution data and gradually resolve structural issues caused by nonstandardization."