MITSUI EMERGING MARKETS INFORMATION SOURCE
>
South Korea
MEMIS Database Country Report
Description of Sources
KOREA STOCK EXCHANGE (KSE)
Mitsui Life Financial Research Center
encourages and supports academic
research in the financial markets of
Pacific-Basin countries, with a
particular focus on Asia and the
United States. Please visit
www.bus.umich.edu/mitsui for more
information.
The Mitsui Emerging Markets
Information Source (MEMIS) is a
database for finance and economics
researchers. It includes more than
65 databases and is tailored to the
needs of academic research in its
search capabilities and output.
MEMIS includes data on more than
20 countries in emerging markets.
South Korea
MEMIS Database
Country Report
Founded in 1956, the KSE is established and regulated under the Securities and
Exchange Act of Korea. It is a non-profit membership organization of which regular
member firms including foreign firms mutually hold the ownership.
The KSE is a comprehensive and integrated securities market where a variety of
cash and derivatives products are traded (equities, futures, etc). The KSE has listed
nearly 700 companies that serve as the driving force for the Korean economy and
is the home market of the internationally renowned Korean companies such as
Samsung Electronics, SK Telecom, POSCO, Hyundai Motor and Kookmin Bank
(KTB). In terms of trading volume and market capitalization, the KSE is ranked one
of the 10 largest markets in the world.
Website:
Language:
Data entry:
Aprox. # of firms:
www.kse.or.kr
Korean, English mostly available
KSE Market & its Listed Companies
700 per year
Description of Sources
KOREA STOCK EXCHANGE (KSE)
Founded in 1956, the KSE is established and regulated under the Securities and
Exchange Act of Korea. It is a non-profit membership organization of which regular
member firms including foreign firms mutually hold the ownership.
The KSE is a comprehensive and
integrated securities market where a
variety of cash and derivatives
products are traded (equities, futures,
etc). The KSE has listed nearly 700
companies that serve as the driving
force for the Korean economy and
is the home market of the
internationally renowned Korean
companies such as Samsung
Electronics, SK Telecom, POSCO,
Hyundai Motor and Kookmin Bank
(KTB). In terms of trading volume
and market capitalization, the KSE
is ranked one of the 10 largest
markets in the world.
Website:
www.kse.or.kr
Language:
Korean,
English mostly available
Data entry:
KSE
Market & its Listed Companies
Aprox. # of firms:
700 per
year
© 2004 University of Michigan Business School
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TYPE
DESCRIPTION
Quarterly financial statements
Quarterly since 1999
Market data
Daily trade data since 1995
Corporate governance
Company profile
FORMAT
HTML, Excel, and Delimited
Data File Excel Readable
HTML, Excel, and Delimited
Data File Excel Readable
HTML, Excel, and Delimited
Data File Excel Readable
FEE
Yes
Yes
Yes
KOREA FINANCIAL SUPERVISORY SERVICE
The Korea Financial Supervisory Service (FSS) major functions include the supervision, examination, investigation of and enforcement
on financial institutions as well as other matters delegated by the Financial Supervisory Commission (FSC) and the Securities and
Futures Commission (SFC).
FSS compiles two main sources of data: FISIS and DART. Data on financial institutions is compiled on the Financial Statistics
Information System (FISIS). The second source, DART (Data Analysis, Retrieval and Transfer System), is a comprehensive disclosure
system that ensures rapid corporate disclosure and transparent management by helping companies submit their documents in the
form of SGML through the Internet to institutions concerned such as the Financial Supervisory Service (FSS) and disclosing the
contents to the public in real time.
1. DART
Website:
Language:
Data entry:
www.fss.or.kr or http://dart.fss.or.kr
Korean (English service not available)
KSE, KOSDAQ Listed and Other1 Companies
TYPE
DESCRIPTION
Annual, semi annual and quarterly financial
statements
Companies’ Reports since 1998
FORMAT
HTML and Pdf
FEE
No
2. FSIS
Website:
Language:
www.fss.or.kr or http://fisis.fss.or.kr
Korean (English service not available)
1
Other companies include registered and externally audited companies. Firms who want to access capital markets such as KSE and
KOSDAQ in the future can register to FSS earlier in order to introduce themselves to the market members. The government regulates that
every company whose total asset is greater than 4 billion KRW should be audited by external auditors. About 400 companies are currently
classified as other companies in DART.
© 2004 University of Michigan Business School
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Data entry:
Financial companies (almost only data source for banks and other financial service firms not listed on KSE
or KOSDAQ).
TYPE
DESCRIPTION
Summarized financial statements
FORMAT
Updated monthly, quarterly and yearly. Since
2001.
Excel
FEE
No
FN-GUIDE
Established in 2000, FnGuide is becoming a major information provider in Korea. It provides needed data for sell-side research
centers and buy-side asset managers as well as risk managers, academic researchers and private investors. The data sources of
FnGuide include KOSCOM, KSDA, and other more than 60 institutes.
Website:
Language:
Data entry:
Aprox. # of firms:
www.fndataguide.com
English
KSE & KOSDAQ Listed, and Externally Audited Companies
8,000 per year
TYPE
DESCRIPTION
FORMAT
FEE
Market data
Daily trade since 1980
Excel
Yes
Quarterly financial statements
Data since 1990
Excel
Yes
KOREA FAIR TRADE COMMISSION
The Fair Trade Commission deliberates on matters relating to the enactment, revision, modification, or interpretation of the acts,
decrees, and notifications relating to fair trade. It also reaches judgments regarding cases for which objections have been filed and
deliberates on and reaches decisions on other related matters. It has six bureaus; Competition Policy Bureau, Antitrust Bureau,
Competition Bureau, Consumer Protection Bureau, Subcontract Bureau and Investigation Bureau.
The Antitrust Bureau, especially, is in charge of enforcing legal arrangements aimed at curbing the concentration of economic power
in business groups (chaebols). It also handles issues such as M&A reviews, improvement of monopolistic/oligopolistic market
structures, actions to enhance competition in the markets of Public Enterprises and investigations into unfair trade practices. Its
major roles include establishing and enforcing policies designed to regulate monopolies and oligopolies; designating market-dominating
enterprises and monitoring market power abuse.
Website:
www.ftc.go.kr
© 2004 University of Michigan Business School
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Language:
Data entry:
Korean (English service mostly unavailable)
Business Groups under Regulations (49 Largest Business Groups in 2003)
TYPE
DESCRIPTION
Number and names of affiliates, Changes
in number of affiliates, Changes in
affiliates, Changes in affiliates by Industry,
Financial Information of Groups (Asset,
debts, equity, sales, net profit)
Daily, monthly and yearly data since 1986.
FORMAT
HWP2
FEE
Free
KOREA INFORMATION SERVICE (KIS)
Korea Information Service (KIS) was first established in 1985 as the first credit rating company in Korea. KIS started to provide online corporate and financial information on the KIS-LINE in 1988 and has been fully promoting the information business since.
It publishes information on approximately 398,000 firms including firms listed on the KSE (Korea Stock Exchange) and KOSDAQ.
Information is available since 1980 but before 1997 the only data available is from KSE.
KIS sells two major databases; KIS-FAS/SMAT and KIS-LINE.
1. KIS-FAS/SMAT
Website:
Language:
Data entry:
Aprox. # of firms:
www.kisinfo.com
English and Korean
KSE and KOSDAQ listed companies
1,590 per year
TYPE
Annual financial statements
Market data
DESCRIPTION
Yearly since 1980 for firms quoting on the
KSE and since 1997 for other sources
(mainly KOSDAQ).
Daily trade for selected companies
FORMAT
FEE
CD Rom, Excel
Yes
CD Rom, Excel
Yes
2
HWP files are created by Korean word processing software, Hangul. They can largely be converted to DOC files, but some features
cannot be converted perfectly.
© 2004 University of Michigan Business School
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Corporate governance
Company profile
CD Rom, Excel
Yes
2. KIS-LINE
Website:
Language:
Data entry:
Aprox. # of firms:
www.kisline.com
English and Korean
KSE & KOSDAQ Listed, Externally Audited Companies, SMEs, and Others.
398,000 per year
TYPE
DESCRIPTION
Quarterly financial statements
Since 1980 for firms quoting on the KSE
and since 1997 for other sources (mainly
KOSDAQ).
Market data
Corporate governance
Company profile
FORMAT
FEE
HTML and Excel
Yes
HTML and Excel
Yes
HTML and Excel
Yes
KOREA LISTED COMPANIES ASSOCIATION (KLCA)
Korea Listed Companies Association (KLCA), a non-profit organization founded in 1973, currently consists of a number of listed
companies - issuers of stock certificates registered on Korea Stock Exchange. KLCA was established to protect the interests of listed
companies and general investors when the number of listed companies reached one hundred on December 18, 1973 with the
approval of the Ministry of Finance (presently, the Ministry of Finance and Economy). The transition to a securities related
organization occurred in 1997 as prescribed by the securities and exchange laws.
Website:
Language:
Data entry:
www.klca.or.kr
Korean, English service partly available
Listed companies on KSE, KOSDAQ and externally audited companies (total asset greater than 4 billion
won).
20,000 per year
Aprox. # of firms:
TYPE
© 2004 University of Michigan Business School
DESCRIPTION
FORMAT
FEE
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Annual financial statements
CD Rom, Excel file
Yes
Market data
KSE firm data starts from 1981, KOSDAQ
from 1996, and externally audited firm data
starts from 1999
Daily trade
CD Rom, Excel file
Yes
Corporate governance
Company profile
CD Rom, Excel file
Yes
KOREA SECURITIES LEADERS AUTOMATED QUOTATION (KOSDAQ)
Established in 1996, the KOSDAQ Stock Market was formed to facilitate corporate financing for knowledge-based ventures, high-tech
companies and small to medium sized enterprises (SMEs). KOSDAQ has been a key catalyst in promoting economic growth in
Korea in the late 1990s, and played a significant role in Korea's recovery from the economic crisis in 1997. As of Jan. 30, 2004,
890 companies are listed in KOSDAQ.
Website:
Language:
Data entry:
Aprox. # of firms:
www.kosdaq.com, www.kosdaq.or.kr
Korean, English service mostly available
KOSDAQ Market & Its Listed Companies
890 per year
TYPE
DESCRIPTION
FORMAT
FEE
Annual financial statements
Summarized information and annual reports
since 1996
Excel file
Yes
Market data
Daily trade
Excel file
Yes
Corporate governance
Company profile
On werbsite
Yes
KOREA SECURITIES RESEARCH INSTITUTE (KSRI)
The Korea Securities Research Institute (KSRI), jointly sponsored by securities-related organizations, was established in 1997 for the
purpose of contributing to the sound development of the securities industry and the growth of the national economy through research
on market systems and practices, and policy alternatives related with the securities industry.
Website:
Language:
www.ksri.org
Korean
© 2004 University of Michigan Business School
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Data entry:
Aprox. # of firms:
KSE and KOSDAQ Listed Companies
1,590 per year
TYPE
Market data
DESCRIPTION
Data begins in 1980 for KSE listed
companies and in 2000 for KOSDAQ listed
companies. It is updated yearly.
FORMAT
CD-Rom, delimited data file
Excel readable
FEE
Yes
THE MAEIL ECONOMIC NEWSPAPER
The Maeil Economic Newspaper (MK) was first published in 1966. Today is Korea's No.1 business daily newspaper with a circulation
of 1,200,000 issues. It has features and articles by 300 journalists specialized in business reporting. It is an independent, private
newspaper. I was commissioned "Vision Korea" campaign with related studies like "Korea Report" by Booze-Allen & Hamilton and
"Reinventing Korea" by McKinsey. The readership consists of top business executives, public servants, professionals, investors and
property owners with most purchasing power in Korea.
Website:
Language:
Data entry:
www.mk.co.kr
Korean (English service mostly unavailable)
KSE & KOSDAQ Listed, Registered, and Externally Audited Companies and SMEs3
TYPE
DESCRIPTION
FORMAT
FEE
Annual financial statements
Annual Reports since 1976
Paper copy (annual book)
Yes
Corporate governance
General information section
Paper copy (annual book)
Yes
BLOOMBERG
The Bloomberg Professional® service provides an interactive financial information network with global financial markets data. The
Bloomberg Professional service integrates data, news, analytics, multimedia reports and e-mail onto a single platform. It is used by
market professionals to make informed decisions and to complete transactions in any currency.
Website:
Language:
Data entry:
www.bloomberg.com
English
Primarily firms that issued stock or bonds in the market. Also, for some countries some private firms
available.
TYPE
3
DESCRIPTION
FORMAT
FEE
Data available are different according to different company status.
© 2004 University of Michigan Business School
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Quarterly and annual financial statements
Standardized information since 1992
Excel
Yes
Market data
Daily trade data since date listed
Excel
Yes
Corporate governance
Information should be looked for in
different sections.
On system, printable
Yes
ISI EMERGING MARKETS
ISI Emerging Markets is a global database that provides news, economic statistics, market quotes and analyst reports on countries,
companies, and industries in Asia, Latin America and Eastern Europe. ISI Emerging Markets gives emerging market specialists
worldwide information straight from the local markets and from over 7,800 publications.
ISI Emerging Markets presently covers:
•
•
•
Europe: Baltic States (including Estonia, Latvia and Lithuania), Bulgaria, Central Asia – Caucasus, Croatia, Czech
Republic, Hungary, Poland, Romania, Russia, Slovakia, Turkey and Ukraine
Latin America: Argentina, Brazil, Chile, Colombia, Ecuador, Guatemala, Mexico, Peru and Venezuela
Asia: China, Hong Kong, India, South Korea, Southeast Asia (Singapore, Malaysia, Philippines, Indonesia and
Thailand)
www.securities.com
English
Publicly listed and firms that issue corporate bonds.
Website:
Language:
Data entry:
TYPE
DESCRIPTION
FORMAT
FEE
Quarterly and annual financial statements
Standardized information since 1993
Excel
Yes
Market data
Daily trade data since date listed
Excel
Yes
Corporate governance
Company profile
On web site
Yes
DATASTREAM
This database provides worldwide current and historical financial and economic data, as well as a reporting/charting interface. Some
time series date back to 1950. Equity information covers from approximately 1973 to present.
The data series are supplied by various sources both nationally and internationally. Sources such as IMF, OECD and EUROSTAT
amongst others, supply economic data. Information on stocks and bonds is often supplied by national stock exchanges, interest
© 2004 University of Michigan Business School
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rates might be supplied by larger banks and exchange rate information often comes from national sources or news agencies like
WM/Reuters.
The Datastream Database covers around 200 markets. All in all data is supplied for around 100 different countries ranging from
Afghanistan to Zambia and 22 different composite geographic areas (such as the EEC and South East Asia). For one particular
country data from all the above categories may not be available. Also the number of datatypes or account items available can
and do vary.
www.dstastream.com
English
Publicly traded firms
1,686 per year
Website:
Language:
Data entry:
Aprox. # of firms:
TYPE
DESCRIPTION
FORMAT
FEE
Annual financial statements
Since 1984.
Excel readable
Yes
Market data
Daily since 1984 (start date may vary by
firm)
No data
Excel readable
Yes
Corporate governance
Yes
THOMSON RESEARCH
Thomson Research provides a complete source for market-moving information and analysis in corporate finance. The coverage details
every deal type throughout a comprehensive collection of companies, industries, and markets worldwide.
Thomson Research delivers verifiable and accurate information on company filings, financial market data, company profile and
supplemental information. It comprises the following sections:
ƒ
ƒ
ƒ
ƒ
Disclosure® providing comprehensive company information—including SEC filings, insider trading filings and analysis, state and
federal agency documents, criminal and civil filings, and bankruptcy filings—for over 12,000 companies traded on the major
U.S. stock exchanges
Worldscope® covering both US and international company filings
Investext® Investment Research featuring research reports written by top analysts at over 600 leading investment banks,
brokerage houses, and consulting firms worldwide. Nearly 2,000 new reports are added each business day
Market Research® Market Research containing in-depth primary research and statistics, market trends, forecasts, segment
analysis and much more.
© 2004 University of Michigan Business School
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ƒ
For more features please refer to Data Source Report.
Website:
Language:
Data entry:
Approx. # of firms:
http://research.thomsonib.com/
English
Publicly traded (listed) firms.
Not available
TYPE
DESCRIPTION
FORMAT
FEE
Annual financial statements
Since 1991.
Excel file
Yes
Market data
Close prices, dividends, financial ratios.
Excel readable
Yes
Corporate governance
Various variables.
© 2004 University of Michigan Business School
Yes
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