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STEP. 01 Agree to terms and privacy STEP. 02 Indicate information STEP. 03 Application completed

Terms of Services

Article 1. Purpose

The Terms are to set forth the terms and conditions for use, procedure and other matters about Datafeed Subscriber Administration System(hereinafter “DSAS”) website provided by KOSCOM.

Article 2. Effect of the Terms and Changes thereof

  1. ① The Terms shall be posted on the DSAS website (
  2. ② KOSCOM may amend the Terms when necessary. In the event of amendment, changed details and amended Terms shall be posted on the DSAS website. Amended Terms shall be effective with a written notification from KOSCOM.
  3. ③ DSAS provides service in condition of agreement of this Terms. KOSCOM shall not be liable for any damage that an user may sustain due to ignorance of information regarding the amended Terms.

Article 3. Definition

The definitions of the terms used in the Terms are as follows:

  1. ① User: all members and non-members who use service of DSAS website.
  2. ② Member: an user who agreed to this Terms and registered as member by providing necessary information.
  3. ③ Member ID: unique ID provided by KOSCOM in order to identify users and provide services to our members.
  4. ④ Password: number to confirm member identity. Combination of letters and numbers selected by members to protect the confidentiality of the member.

Article 4. Member Application

  1. ① Users who wish to apply for DSAS members shall agree to the Terms and apply for membership by indicating required details in an application form in DSAS. By clicking the button ‘I Agree’ the applicant confirms its agreement with the Terms.
  2. ② Member Application will be completed upon KOSCOM’s approval for the users who proceed paragraph 1.
  3. ③ KOSCOM may not approve the application in the following cases:
    • There is an overlap of information with the information of a member who is already registered as a member.
    • There is falsity, omission, or misspelling in registered information.
  4. ④ In the event of changes in registered information, member shall immediately correct its member information. KOSCOM shall not be liable for any damage as a result of the member’s failure to change its member information.

Article 5. Termination and Disqualification

  1. ① In the event when member wishes to terminate(withdraw) the service provided by DSAS, member can request for termination to Koscom any time. But, Koscom may reject the termination when there is on-going service in DSAS/
  2. ② Member may lose its membership qualification or be given limited access to the service in the following cases:
    • 1. Making false statements in membership application
    • 2. Committing an act in violation of any laws and the Terms
    • 3. Using the service for the purpose of committing a crime
    • 4. Disrupting public order or tarnishing the reputation of others
    • 5. Intentional Leaks of its ID and password
    • 6. Hindering sound use of service such as endangering the service
    • 7. It is determined to be inappropriate to maintain the qualifications as a member

Article 6. Corporate Member ID and Password

  1. ① Issue of Corporate ID will be requested as user send DSAS membership application, and KOSCOM will be issuing Corporate ID.
  2. ② In principle Member ID shall not be changed, but under inevitable circumstances, it can be changed withKOSCOM or member’s request.
  3. ③ In the event of lost member ID, it can be re-confirmed with verification of information.
  4. ④ In the event of lost password, it can be re-set with verification of information.
  5. ⑤ A member shall be personally liable for any outcome that may arise from the management and use of its member ID and password. In the event that it finds out the fact that its member ID and password were misappropriated, it shall immediately report to KOSCOM. If the member fails to report, it shall be entirely liable, while KOSCOM shall be exempt from any liability arising therefrom.

Article 7. Time Period for the Use of Service

DSAS Service shall be available all year around 24 hours per day, unless KOSCOM has special reasons that are business or technically-related.


Article 8. Service Fee

All the service of DSAS is provided free of charge.


Article 9. Addition or Change of Service

KOSCOM may add or change the details of the service of DSAS when necessary.


Article 10. Termination of Service

  1. ① KOSCOM may terminate the provision of service in the following cases:
    • 1. In the event of force majeure such as natural disasters, a state of national emergency, power outage, hindrance, flood of users, etc., where normal provision of service is impossible, service may be discontinued without advance notice.
    • 2. If it is determined that it is necessary to discontinue the service for the purpose of checking facilities, etc., KOSCOM may discontinue service with advance notice, setting aside additional time period for use of service.
    • 3. If circumstances dictate that service may no longer be provided, KOSCOM may permanently terminate the service with advance notice.
  2. ② If the service of DSAS is terminated on the grounds of Clause 1, Item 2 or Item 3, KOSCOM shall publicly announce the reasons for such termination of service and the time period thereof on the DSAS webpage for a certain period of time before terminating the service. KOSCOM shall not be liable for any outcome resulting from the user’s inability to use the service.

Article 11. Provision of Information


KOSCOM may provide information to the users by posting on the homepage or sending E-mails when managing DSAS.


Article 12. Obligations of DSAS

  1. ① KOSCOM shall make its best efforts to provide consistent and stable service of DSAS.
  2. ② KOSCOM shall always make its best efforts to ensure security of the members’ information and establish the security system for protection.
  3. ③ KOSCOM shall not disclose or distribute the member’s information to others without the approval of the members; provided, however, that MDCS may use such information for other purpose or provide it to a third party in the following cases:
    • 1. There is a request from the relevant national institution pursuant to the Telecommunication Business Act or other relevant laws.
    • 2. KOSCOM cannot acquire prior consent because a member is in the state in which it cannot express its intention or whose address cannot be located, where disclosure or distribution of personal information is clearly deemed to be necessary for the sake of a member or a third party’s urgency of life, body, and assets.
    • 3. It is necessary to assist with the investigation of crimes, the indictments and the court’s trial process.
    • 4. Requested with a purpose of conducting statistic study and research given that a format of information is non-identifiable of users.

Article 13. Obligations of Members

  1. ① A user shall faithfully comply with the Terms.
  2. ② A member shall accurately write personal information required at the time of joining membership, and shall maintain and update the member information on file.
  3. ③ A member shall not do the following:
    • 1. Transmit or publish the information provided by DSAS without the prior approval from KOSCOM.
    • 2. Misappropriate the other’s user ID and password.
    • 3. Transmit or publish any contents: that are vulgar, obscene, insulting, and threatening; that can violate the other’s rights; or that are forbidden to use based on laws and any agreements.
    • 4. Transmit or publish any advertisements, promotional materials, spam mails, and e-mails without the approval of KOSCOM.
    • 5. Collect or store the other user’s personal information.
    • 6. Hack into the system or spread computer viruses.
    • 7. Commit any acts that may disrupt the stable operation of service.
  4. ④ KOSCOM may delete the posted information without the approval of the member or the person who published the information, in the event that information is determined to be inappropriate for the operation of information or service as set forth in the above Clause 3 or to be in violation of the Terms.
  5. ⑤ A member shall comply with the following regarding user IDs and passwords:
    • 1. A member shall not have a third party use its user ID and password.
    • 2. A member shall be liable for any damage as a result of poor management of, negligence in use, and a third party’s use of the member’s user IDs and passwords.
    • 3. In the event that a member recognizes the fact that its user ID and password have been stolen or used by a third party, the member shall immediately notify KOSCOM and follow instructions if given by KOSCOM.

Article 14. DSAS’s ownership

  1. ① The intellectual property rights and other rights relating to the service provided by DSAS, necessary software thereof, image, mark, logo, design, name of service, information and trademark, etc. shall belong to KOSCOM.
  2. ② A member shall not copy, transmit, publish, distribute, or broadcast information obtained through use of the service for the purpose of profit-making without the prior approval of KOSCOM, and shall not permit a third party to perform the aforementioned acts.

Article 15. Non-assignment

A member shall not assign or give to another person its status regarding the right to use the service and based on the agreement for use, and shall not provide security therefrom.

Article 16. Liability

DSAS shall not be liable for any damage suffered by its members in connection with the service provided free of charge except when criminal acts are intentionally committed by DSAS.


Article 17. Indemnification

  1. ① DSAS shall be exempt from any liability regarding the provision of service, in the event of natural disasters or force majeure, which disable the provision of service.
  2. ② DSAS shall be exempt from any liability regarding the provision of service, in the event that the service is terminated due to discontinued provision of the other business such as telecommunication service of common carriers, or the provision of service is impossible due to maintenance, repairs, replacement, regular inspection, or construction, etc.
  3. ③ DSAS shall not be liable for any damage arising from the fault of a member.

Privacy Policy

Article 1. Objective of Personal Information Usage

Personal information from subscribers shall be collected and used as below purposes for KOSCOM’s Datafeed Subscriber Administration System (hereinafter “DSAS”). Should there be any changes in usage purpose, necessary actions such as receiving separate agreement will be taken according to the Privacy Act under Korean law.

  1. ① Subscription & Administration
    • Personal information will be used to verify one’s intent for subscribing DSAS membership, to identify (authenticate) a serviced member, and to maintain a member’s subscription.
  2. ② Services
    • Personal information will be used for purpose of providing DSAS service such as signing up for data feed service (and related services) and providing announcements related to market data usage.
  3. ③ Marketing
    • Personal information will be used when new securities market opens or new information product is released.

Article 2. Collected Personal Information Type & Collection Method

KOSCOM will collect limited personal information from subscribers for the purpose of providing DSAS services. The following sub categories of this article stipulate the specific types of personal information that are collected for this service and its methods for collecting such information.

  1. ① Collected Personal Information
    • Required Items: name of corporate, name of person in charge, address, telephone number, email address Optional Item: secondary email address.
  2. ② Collection Method
    • Personal information is collected upon receiving the subscriber’s consent via DSAS website.

Article 3. Use of Personal Information & Retention Period

DSAS will only use and maintain personal information that has been released (and approved) by the information owner (or personal information permitted by local regulations/legislations) where its retention period is restricted to the service period.

  1. ① Processing Period & Retention
    • The processing of any personal information and its retention period shall be until the termination of DSAS membership.

Article 4. Providing Personal Information to 3rd Parties

Use of personal information shall be limited within the scope stated in Article 1(“Objective of Personal Information Usage”), and such information shall only be provided to third parties in instances relative to the owner’s consent or in events protected by Article 17 and Article 18 of Korea’s Privacy Act. Otherwise, a specific scope of personal information shall be provided to the following institution(s):

  1. ① Recipient Parties
    • Korea Exchange (“KRX”) , Korean Finance Investment Association (“KOFIA”).
  2. ② Purpose
    • Personal information shall be collected with the purpose of operating duties relative to the maintenance of the securities market such as providing announcements regarding market data usage etc.
  3. ③ Information Type
    • Name of corporate, name of personal in charge, address, telephone number, email address.
  4. ④ Retention Period
    • Personal information shall be kept during the period of the service agreement made between DSAS and the DSAS member.

Article 5. Subscriber’s Rights, Obligations & Relative Methods of Execution

All DSAS members are entitled to execute the following rights as owners of personal information:

  1. ① Private Information Owner’s Rights
    • Owners of private information (provided for DSAS service purposes) may execute their rights to private information in regards of the below instances:
    • 1. Requesting the review of any submitted private information.
    • 2. Correcting any errors with the owner’s private information.
  2. ② DSAS Obligations
    • DSAS will follow up on any requests, relative to Article 5.1, made by the owner without delay upon receiving the Request Form #8 (under Execution Rules of the Privacy Act) via written form (regular mail), electronic mail, fax etc.

Article 6. Disposal of Personal Information

DSAS will dispose of any personal information that has survived after the service period or served its purpose without delay. The method, timing and procedure in destroying such personal information are stipulated in the below sub articles.

  1. ① Disposal Procedure
    • DSAS will first identify any personal information required of disposal and then receive approval from the head of private information for final disposal.
  2. ② Disposal Period
    • On principle, the owner’s personal information shall be destroyed within 5 days after the agreed retention period. Personal information can also be destroyed should the owner’s personal information has served its purpose, in the event of DSAS seizes to provide service, in the event of business termination or if the owner’s personal information is deemed unnecessary in terms of servicing DSAS operations.
  3. ③ Disposal Method
    • Personal information in the form of electronic file(s) shall be destroyed irretrievably with technical expertise and any personal information in the form of paper shall be shredded and burned.

Article 7. Safety Measures for Personal Information

DSAS carries the following safety measures to ensure the safety of maintaining personal information according to Article 29 of the Privacy Act.

  1. ① Administrative Measures
    • Limiting Operating Staff: DSAS will limit the number DSAS operators and authorized personnel (relative DSAS services) that have access to personal information.
    • Perform Regular Internal Audit: DSAS will perform internal audits on a biannual basis to ensure the safety in handling private information according to the Personal Information Privacy Act.
    • Internal Management Plan: DSAS has established an internal administrative policy and plan in order to safely handle private information.
  2. ② Technical Measures
    • Encryption of Personal Information
    • - Information owner’s password is stored and controlled in encrypted from. Only oneself shall know the password. We use security features such as encryption or security feature for file transition of sensitive data.
    • Preventive Measures Against Hacking
    • - In order to prevent any leakage or damage of private information due to hacking events or computer virus, DSAS installed and regularly updates a security program and placed the critical system within a controlled environment which technically and physically controls unauthorized access.
    • Access Restriction
    • - The database system that handles private information is controlled by managing, changing or canceling leveled access rights. Moreover, DSAS controls unauthorized external access through an anti-intrusion system.
    • Document Security
    • - Any documents or media storage devices containing personal information are stored in a physically locked area.
  3. ③ Physical Measures
    • Access Control for Unauthorized Personnel
    • - The physical storage area storing private information is physically segregated which operates according to an established access control procedure.

Article 8. Private Information Personnel in Charge

DSAS has designated a dedicated personnel that assumes the overall responsibilities in handling private information such as processing private information, handling the private information owner’s complaints and damage control.

  1. ① Chief Director of Privacy Protection
    • Limiting Scope of Private Information Handlers
    • - A defined set of employees shall have authorization to handle the owner’s personal information.
    • Young-kwon, Yoo (Department Manager)
    • Koscom Corporation / Capital Market Business Dept.
    • Tel : +82-2-767-7500
    • Email :
  2. ② Privacy Protection Officer
    • Mi-Hee, Kwon (Manager)
    • Koscom Corporation / Capital Market Business Dept.
    • Tel : +82-2-767-8643
    • Email :
  3. ③ Service
    • The owner of private information may, at all times, inquire all matters regarding private information, handling the private information owner’s complaints or damage control to Koscom’s head of private information or its staff. Koscom Corporation ensures that any inquiries or requests will be processed without delay.
  4. ④ Personal Information Institutions
    • For other consultations or dispute resolution about personal information infringe, please contact organizations below.
    • - Privacy complaint center : Tel +82-118 (
    • - Personal information dispute mediation committee : Tel +82-118 (
    • - Supreme prosecutors’ office internet criminal investigation center : Tel +82-2-3480-3576 (
    • - Police agency cyber terror response center : Tel +82-1566-0112 (

Article 9. Amendment of privacy policy

This DSAS Privacy Policy commences from the launching date of DSAS website. In event of any changes (addition, erasure or amendments) of modified policy shall be announced seven(7) days prior notice before the effective date of modified policy.
Announced : 28 July, 2016
Commenced : 28 July, 2016

* Under Korean law, we require our customers to agree the terms for using DSAS website.
* All the terms and conditions is not negotiable as they apply to all subscribers of DSAS website.