KAP’s History

Since 2000, KAP has been grown up through sustainable alliances and market competitiveness. KAP has supported securities evaluation and solution consulting services in various areas of financial market including banks, pension funds, asset management and securities firms within 250 and more clients.
  • Current ~ 2011
  • 2010 ~ 2000
  • 2023
    • 05
      • Commenced Collateral Value Tracking System Development, Yuanta Securities
    • 03
      • Commenced Providing ARS Index Data, Meritz Securities/Shinhan Securities
  • 2022
    • 12
      • Provided Development Consulting for New IB sales support System, WooriBank
      • Commenced Providing Look-Through Data for beneficiary certificate, Samsung Life Insurance
    • 07
      • Conducted a Project Introducing Reformed Market Risk regulation system under Basel III, KakaoBank
    • 06
      • Commenced K-ICS System Development, Samsung Life Insurance
    • 04
      • Commenced Providing Initial Margin Calculation Data, Kyobo Securities, Kyobo Life Insurance
      • Commenced Market Risk Management System Development under Basel III, Hi Investment & Securities
    • 03
      • Commenced Initial Margin Calculation System Development, Korea Investment & Securities
    • 02
      • Commenced Asset Valuation for K-ICS QIS, ABL Life Insurance
      • Commenced Providing OIS curve Data, Daol Investment & Securities
    • 01
      • Commenced Providing Initial Margin Calculation Data, NH Property & Casualty Insurance
      • Commenced Monitoring non-marketable equity valuation for Management Review Control, Shinhan Bank
      • Commenced Next-generation Derivatives Clearing System Development, Koscom
  • 2021
    • 12
      • Commenced Providing LIBOR-Alternative reference rate, KB Securities
      • Commenced Providing Fair Valuation, SEMA
    • 11
      • Commenced CFD Trade Repository Reporting System Infrastructure Development, Kiwoom Securities
    • 09
      • Commenced Providing Initial Margin Calculation Data, IBK Insurance
    • 08
      • Commenced Providing Initial Margin Calculation Data, KB Insurance, Hana Financial Investment
      • Commenced integrative K-ICS System Development, IBK Insurance
    • 05
      • Commenced Providing Bond Pricing Data, Teachers Pension
    • 04
      • Commenced K-ICS System Development, KB Insurance
      • Commenced Providing K-ICS interest rate Assumption Scenario, Hana Insurance
    • 03
      • Advanced Special Account Risk Management System Consulting, National Agricultural Cooperative Federation
    • 02
      • Market Risk Management System Consulting and NCR System Development, Hyundai Motor Securities
  • 2020
    • 12
      • Provided Research for Modification of Dollar IRS NPV Evaluation Method, KRX
    • 10
      • Commenced Trade Repository Reporting(KRX) Services, Dongyang Life Insurance
    • 08
      • Commenced Trade Repository Reporting(KRX) Services, Meritz Fire & Marine Insurance
      • Commenced OTC Document Automation System development, Hyundai Motor Securities
    • 07
      • Commenced Providing K-ICS Economical Assumption Scenario, IBK Insurance
    • 06
      • Trade Repository Reporting(KRX) Services, Samsung Asset Managements
    • 05
      • Trade Repository Reporting(KRX) Services, Hanwha Life Insurance
    • 04
      • Trade Repository Reporting(KRX) System, Kiwoom Securities
      • Trade Repository Reporting(KRX) System, Yuanta Securities Korea
  • 2019
    • 12
      • Trade Repository Reporting(KRX) consulting, Mitsubishi UFG Korea
    • 10
      • Trading Repository Reporting(KRX) consulting, Citi Bank Korea
    • 09
      • Credit Risk Management System(CRMS), Daiwa Securities Capital Market Korea
    • 06
      • Commenced SK Securities’ Market Risk Management System consulting and NCR system development
    • 04
      • Hana Bank – ELS Master Solution Use Agreement
      • Woori Bank – ELS Master Solution Use Agreement
  • 2018
    • 09
      • Commenced Hanwha Securities’ Credit Risk Management System consulting and NCR system development
    • 07
      • OTC document automation system, NH Investment & Securities
    • 05
      • Commenced Samsung Life Insurance IFRS 17 & 9 Phase 2 development
      • Commenced Kiwoom Securities’ OTC Document Automation System
    • 04
      • Commenced Ernst & Young Hanyoung – Seoul Guarantee Insurance IFRS 17 & 9 system
    • 01
      • Shinhan Bank – ELS Master Solution Use Agreement
  • 2017
    • 12
      • Signed Samsung Life Insurance – Korean Finance Association IFRS 17: Insurance Contract discount rate estimation project agreement
    • 09
      • Commenced Hyundai Insurance’s Credit Risk Management consulting
      • Commenced Lotte Insurances’ Credit Risk Management System Project
    • 08
      • Commenced Korean Register’s Boat Price Index project
    • 07
      • Commenced Hanwha Investment & Securities’ Liquidity Risk Management System consulting
    • 05
      • Signed OTC Derivatives Pricing Engine agreement with SK Securities
    • 04
      • Signed OTC Derivatives Pricing Engine agreement with Hana Financial Investment
    • 03
      • Signed ETN Agreement with Mirae Asset Daewoo, Samsung Securities and Korea Investment & Securities
    • 01
      • D-SIB(plug-in KRM system), Daiwa Securities Capital Market Korea
      • Signed KAP Money Market Credit Index agreement with Hanwha Investment & Securities
  • 2016
    • 07
      • Signed Fair Valuation Agreement with SEMA
      • Signed Alternative Investment Fair Valuation and Monitoring Agreement with The Korean Teachers’ Credit Union
    • 05
      • Commenced Hanwha Investment & Securities’ ELS Simulation System consulting
      • Commenced KB Insurance’s Risk Management System consulting
    • 02
      • Signed Smart Beta Quality Bond composite Index Business Agreement with WISE FN
  • 2015
    • 09
      • OTC document automation system, Mirae-Asset Daewoo Securities
    • 07
      • Commenced MG Non-Life Insurance Market Risk Management consulting
      • Commenced Mirae Asset Life Insurance Credit Risk Management consulting
    • 06
      • Commenced Korea Railroad Financial Risk Management system consulting
    • 04
      • KAP H-E Structured Strategy Index, Samsung Securities
    • 03
      • Won “Deal of the Year” award by KOSDA
    • 01
      • KAP-OTC document automation system, Daeshin Securities
  • 2014
    • 12
      • Commenced Korea Federation of Small and Medium Business’ Yellow Umbrella Exemption’s Risk Management System consulting
    • 11
      • Derivatives-related Data Vendor-ship Contract, Korea Financial Investment Association
      • Signed domestic alternative investment asset fair valuation agreement with National Pension
    • 10
      • Signed agreement on KRW Cash PLUS Index (Total Return) calculation related business cooperation with Korea Financial Investment Association
    • 09
      • Provided derivatives pricing engine for Hanwha Investment & Securities Co., Ltd
    • 07
      • BMASTER debuts in market
    • 01
      • Shinhan Investment Corporation’s Liquidity Risk Management upgrade
  • 2013
    • 11
      • Signed Risk Management Service; ASP agreement with Korea Exchange Bank
    • 10
      • Signed MOU with Korea Financial Investment Association on Arirang Barbell ETF/Money Market ETF
    • 06
      • Shinhan Investment Corporation's Credit / Interest Rate Risk Management System upgrade
    • 05
      • Derivatives pricing engine module for SK Securities Risk Division
      • Selected as advisory and monitoring of domestic alternative asset class management for NPS
    • 04
      • Signed Derivative Linked Securities market monitoring data distribution agreement with Korea Financial Investment Association
    • 02
      • Signed MOU- KAP’s Bond Indices Distribution Agreement with FactSet
    • 01
      • Commenced Lotte Insurance Market Risk Management System consulting
  • 2012
    • 11
      • Selected as National Pension Service’s alternative investment asset assessment agency
      • Signed Alternative Asset Fair Valuation Pricing Agreement with Korea Teachers Pension Service’s
    • 09
      • Signed exclusive non-marketable equity valuation Agreement with Korea Life Insurance Association
    • 06
      • Commenced Agriculture Cooperative Federation’s Special Account Risk Management System consulting
    • 02
      • Commenced Mirae Asset Life Insurance Market Risk Management System consulting
    • 01
      • Commenced Teachers’ Pension Risk Management System consulting
      • Signed bond valuation & performance analysis Agreement with National Agriculture Cooperative Federation’s credit guarantee funds for Forestry and Fishery Producers
      • Commenced NH Investment’s Derivatives Pricing Engine consulting
      • Commenced Golden Bridge Investment & Securities Risk Management System consulting
  • 2011
    • 11
      • Commenced Samsung Life Insurance Market Risk Calculation System consulting
    • 10
      • Commenced Kyobo Insurance Co., Ltd, Investment Management System consulting
    • 06
      • Signed non-marketable equity valuation Agreement with Samsung Group and Hyundai Group
    • 04
      • Signed non-marketable equity valuation Agreement with Tong Yang Group
      • Signed MOU-foreign securities valuation service with Markit
    • 03
      • Commenced Daiwa Securities Group Inc Risk Management consulting
  • 2010
    • 10
      • Changed corporate name to “Korea Asset Pricing” from “Korea Bond Pricing”
      • Commenced Korea Student Aid Foundation’s Market Risk Management consulting
    • 09
      • Signed non-marketable equity valuation Agreement with Korea Life Insurance Association
      • Signed performance analysis Agreement with Government Employees Pension Service
    • 06
      • Commenced Korea Exchange Co., Ltd, Market Risk Management consulting
    • 03
      • Signed exclusive non-marketable equity valuation Agreement with Korea Federation of Banks
    • 01
      • Korea Financial Investment Association’s credit derivative index development advisory consulting
  • 2009
    • 12
      • Signed non-marketable equity valuation Agreement with Lotte Group
    • 10
      • Signed MOU; Foreign Currency-Dominated Bond Valuation Distribution support with IDC(Interactive Data)
      • Commenced Korean Reinsurance Company Risk Management System consulting
    • 08
      • Signed exclusive Alternative Investment Asset Class valuation Agreement with NPS
    • 07
      • Launched KEBI(Korea Economic Daily Bond Index-real time) & Bond ETF Index
    • 04
      • Commenced Seoul Guarantee Insurance’ Market Risk Management consulting
    • 03
      • Signed exclusive non-marketable equity valuation Agreement with Korea Federation of Banks
      • Commenced Kyobo Insurance Co.,LTD. Performance Analysis consulting
    • 02
      • Commenced MetLife Insurance Company Risk Management System consulting
  • 2008
    • 08
      • Commenced IBK Securities’ Market Risk Management consulting
      • Signed Fund rating-bond type Agreement with NPS
    • 03
      • Signed exclusive non-marketable equity valuation Agreement with Korea Federation of Banks
      • Commenced GoodMorningShinhan Securities's Derivative Pricing Engine Development consulting
      • KAIST-Return Based Style Analysis and Fund Rating research proejct
    • 02
      • Commenced Samsung Securities' Derivative Pricing Engine Development consulting
      • Commenced Daishin Securities' Derivative Pricing Engine Development consulting
  • 2007
    • 12
      • Signed non-marketable equity valuation Agreement with Lotte Group and Hyundai group
      • Signed venture company valuation Agreement held by KB Investment
    • 10
      • Commenced Kyobo Insurance Company's Derivative Pricing Engine Development consulting
      • Selected as National Pension Service's Real Estate Securities Pricing Institution
    • 08
      • Commenced National Agriculture Cooperative Federation's Risk Management System consulting
      • Commenced Ministry of Labor's Fund Valuation consulting
    • 03
      • Signed exclusive non-marketable equity valuation Agreement with Korea Federation of Banks
      • Signed exclusive non-marketable equity valuation Agreement with Samsung Life Insurance
  • 2006
    • 12
      • Real estate PF evaluation consulting service, Woori Bank
    • 09
      • CRC evaluation consulting service, KDB partners
      • Commenced National Credit Union Federation of Korea’s market risk management system consulting
      • Won "Best CRM Service" granted by The Federation of Korean Information Industries
    • 08
      • Signed Fund rating-bond type Agreement with NPS
    • 06
      • Commenced National Forestry Cooperative Federation's Risk Management System consulting
    • 03
      • Signed exclusive non-marketable equity valuation Agreement with Korea Federation of Banks
      • Commenced A&D Credit Information Co.'s NPL pricing system consulting
    • 02
      • Commenced Institute for Information Technology Advancement's Performance Evaluation consulting
    • 01
      • Commenced Hana Bank's Bond Mark-to-Market System consulting
  • 2005
    • 09
      • Commenced NPS joint project on bond credit risk consulting
    • 07
      • Commenced Korea Post's Market VaR System consulting
    • 04
      • Market VaR System debut
    • 03
      • Signed exclusive non-marketable equity valuation Agreement with Korea Federation of Banks
      • Commenced Malaysia's Bond Pricing System Development consulting
    • 01
      • Signed MOU with IndexCo on Foreign Bond Price Data and Bond Price Data
  • 2004
    • 12
      • Commenced NPS’ performance analysis for direct investment consulting
    • 11
      • Commenced Hana-UBS Asset Management's Investment Strategy System Consulting
    • 10
      • Registered as Fund Rating Company by the Financial Supervisory Commission
      • Commenced InfoMax's Bond Pricing Consulting
    • 07
      • Hosted MBS seminar with Korea Housing Finance Corporation
    • 06
      • Registered as Bond Pricing Agency by the Financial Supervisory Commission
      • Won "Best Bond Information Service Site" by Herald Economics
    • 03
      • Signed exclusive non-marketable equity valuation Agreement with Korea Federation of Banks
    • 02
      • Commenced Korea Investment Trust Management Co.'s bond trading system consulting
      • Commenced A&D Credit Information Co.'s NPL pricing system consulting
  • 2003
    • 11
      • Commenced Kookmin Bank’s Trust Account asset management system consulting
    • 10
      • Initiated domestic banks' principal account valuation
      • Developed unsecured bond pricing model for KAMCO NPL DSS system installation
    • 06
      • Initiated strategic alliance with Moneyline Telerate to provide bond pricing data
      • Performed bond calculator development consulting for Reuters Korea Xtra Model
      • Commenced NH's Credit Risk Management System Consulting
    • 04
      • Hosted the "Bond Index Funds and Structured Investments" seminar
      • Signed Index Agreement (KBPI120) with Nonghyup CA Asset Management
    • 03
      • DMO (Derivatives Management Online) debuts in the market
      • Commenced KOSCOM Derivatives Management System Consulting
  • 2002
    • 11
      • 2nd NPL pricing model development consulting for Mirae Credit Information Service Corp
    • 08
      • Commenced Hana Bank's NPL Consulting
    • 07
      • Certified as Technology Innovation Company INOO-BIZ (Small and Medium Business Administration)
    • 03
      • Signing Bond Pricing Data Agreement with NPS for the 1st time ever
  • 2001
    • 12
      • 1st NPL pricing model development consulting for Mirae Credit Information Service Corp
    • 10
      • Constructed dual DB system by setting up a back-up DB at KIDC
    • 07
      • MKBP Bond Index debuts in Maekyung Business Newspaper
      • Performed Hana Bank's NPL valuation project exclusively
    • 02
      • Developed the first CD/CP pricing model in Korea
      • Started pricing of every domestic bond in Korea including option-embedded bonds
  • 2000
    • 10
      • Started valuation of bonds in high-yield fund of major investment trust companies
    • 09
      • BPO (Bond Pricing Online) debuts in the market
      • Announced non-investment grade bond pricing for the first time in Korea
    • 08
      • Started pricing investment grade bonds for the first time in Korea
    • 07
      • Authorized as private bond pricing agency by the Financial Supervisory Commission
    • 06
      • Developed the first CBO and option-embedded bond pricing model in Korea.
    • 05
      • Established "Korea Asset Pricing, Co." as the first bond pricing agency in Korea.
      • Developed the general equilibrium model, reduced-form model, and the structured model