Lee Yeon-woo is a financial journalist at The Korea Times. Her wide range of reporting includes policies, macroeconomics, stock market, companies and even crypto. She is passionate about connecting the dots in Korean finance and making it easier for foreign nationals to understand. Based on her previous experience as a national reporter, she also has a keen interest in social issues within the sector, including gender equality and ESG. Your tips and insights are always appreciated. You can send them to yanu@koreatimes.co.kr.
Korea Exchange launches cloud service for large-scale data downloads
Korea Exchange (KRX) building in Seoul / Courtesy of KRX
By Lee Yeon-woo
The Korea Exchange (KRX) said Friday that it has launched a new large-scale data cloud service, allowing users to download large volumes of data with greater ease and speed.
The service has been available through the KRX Information Data System since April 30. It was developed in partnership with Naver Cloud as a cloud service provider and Koscom as a managed service provider.
The new system is expected to significantly improve the accessibility and distribution of market data, especially for users handling high-volume datasets such as order books and transaction records for securities and derivatives.
Such large datasets, which often exceed 5GB in size, can now be downloaded much faster thanks to this cloud-based infrastructure.
In tandem with the new service, the KRX also introduced a subscription-based model for order book and transaction data. Instead of monthly bulk purchases, users can now conveniently access and download the previous day's data daily via the cloud.
The KRX said the launch marks the beginning of broader efforts to enhance its data offerings and uncover new revenue streams through continued innovation in digital services.