What FnGuide does

FnGuide is a Seoul-headquartered, KOSDAQ-listed (064850) financial information services company founded in 2000 that operates the FnGuide Data Center, the de facto Korean standard for equity, ETF, and corporate financial data. Its core products span four layers: (1) the Data Center terminal and website, aggregating 20+ years of Korean equity fundamentals, 40+ year time series, analyst consensus estimates, and shareholder ownership records; (2) WiseReport and QuantiWise, an enterprise research and quantitative back-testing terminal deployed at 100+ Korean institutions; (3) the FICS (FnGuide Industry Classification System) and proprietary FnGuide/WiseIndex family, which underpins 150+ ETFs and 30 trillion KRW of AUM as of October 2025; and (4) 14 wholly-owned operating subsidiaries covering retail (DataGuide), quant (QuantiWise), retirement/pension (Retamin), ESG, and content (Publication, Best Analyst).

FnGuide monetizes through three primary streams: B2C individual subscriptions priced at KRW 33,000-330,000 per month per seat; B2B enterprise contracts for WiseReport and QuantiWise with Korean asset managers, brokerages, and securities firms (Samsung Asset Management, Shinhan, Hanwha, KB, IBK, Timefolio, NH Amundi among named customers); and index licensing to ETF issuers, where revenue scales with AUM at typical index-licensing economics. The company has additionally opened a global distribution channel through a 2024 joint venture with U.S.-based Indxx and in 2026 transitioned to a dual-CEO model with one CEO explicitly tasked to lead AI-based financial information services. ISMS-certified and operationally profitable, FnGuide's strategic posture is to convert its incumbent Korean data franchise into AI-augmented products and global index IP.

Name

FnGuide

Legal name

(주)에프앤가이드

Website

https://fnguide.com

Company type

Public

Founded year

2000

Operating status

Operating

Headcount range

51–100 employees

Short description

FnGuide is a Seoul-based, KOSDAQ-listed Korean financial information services company providing equity data, research terminals (WiseReport, QuantiWise), proprietary indices (150+ ETFs, 30T KRW AUM), and subscription products to Korean asset managers, brokerages, and individual investors.

Ownership category

akta.pro rank

Product category

Financial Data & Analytics Software

NAICS

Portfolio Management and Investment Advice (523940), Securities, Commodity Contracts, and Other Financial Investments and Related Activities (523)

SIC

Investment Advice (6282)

akta.pro primary industry

Transaction Analytics & Cash-Flow Insights (risk signals, forecasting) (FSAGACAG)

akta.pro secondary industry

Treasury, Cash Management & Liquidity (SME) (FSAGAJAG)

Keywords

• Financial data analytics
• Securities research platform
• Equity index services
• Consensus data services
• ETF index provider

Headquarters

HQ city

Seoul

HQ country

South Korea

HQ region

Asia

Offices1 record

Markets served

GTM type

B2B

Offering type

Software

Cost components

Personnel, Technology or R&D, Operations, Marketing or Sales, Infrastructure

Revenue model

1. Subscription Revenue: Monthly and annual subscription fees for platform access including various service tiers (FnResearch, FnConsensus, FnOwnership, FnDB Navigator, FnScreener, FnMezzanine, FnEMIS) and premium all-pass packages

Pricing tiers

Go-to-market motion1 record

Distribution channels5 records

Marketing channels2 records

Core offering

FnGuide operates a subscription-based financial information and analytics platform for the Korean market, aggregating securities research from 100+ financial institutions, providing analyst consensus for 1,000+ listed companies, ownership and shareholder tracking, comprehensive time-series financial data covering equities, bonds, derivatives, and economics, and proprietary equity indices that power approximately 150 ETFs. The company serves securities firms, asset managers, banks, pension funds, corporates, and individual professional investors via FnGuide.com, sister platforms DataGuide, QuantiWise, WiseReport, and the Retamin mobile app.

Product overview

FnGuide operates a platform-plus-modules architecture centered on FnGuide.com, a subscription-based financial information service providing securities research, consensus data, ownership tracking, and comprehensive market data. The core platform consists of FnResearch (securities research aggregator), FnConsensus (analyst estimates), FnOwnership (shareholder tracking), FnDB Navigator (financial data), FnScreener (stock screening), FnMezzanine (mezzanine market), and FnEMIS (emerging market reports). Supporting the main platform are specialized sub-brands including DataGuide and QuantiWise (analysis systems), WiseReport/CompanyWise/CompanyGuide/CompanyInfo (company information services), FnIndex/WiseIndex (index services powering ETFs), FnSpectrum/FundGuide (fund analysis), Retamin (mobile app for retail investors), FnSpace (API for data integration), Best Analyst (research awards), and Publication (financial publishing). The company also offers DataGuide and QuantiWise as standalone analysis solutions for professional users.

Differentiator

Problem solved

Functional benefit

Brands

• FnResearch: Korea's largest research platform providing real-time updates from securities firms and financial institutions from 7 AM daily
• FnConsensus
• FnOwnership
• FnDB Navigator
• FnScreener
• FnMezzanine
• FnEMIS
• Retamin
• DataGuide
• QuantiWise
• WiseReport
• FnSpace
• FnIndex
• WiseIndex
• FnSpectrum
• FundGuide
• CompanyGuide
• CompanyWise
• CompanyInfo
• Best Analyst
• FICS
• Publication

Products and services

• FnResearch Korea's largest research platform providing real-time aggregation of securities firm reports from over 100 financial institutions, updated daily from 7 AM, serving institutional investors, securities firms, asset managers, banks, and pension funds.
• FnConsensus Consensus data service providing target stock prices, investment opinions, and performance estimates for approximately 1,000 listed companies, aggregated from all domestic securities analysts with 2-3 year market outlooks, available at stock, sector, and macro levels.
• FnOwnership Ownership tracking tool that analyzes corporate shareholding structures and shareholder change histories, including major shareholder changes, daily ownership disclosures, institutional holdings, and individual shareholder rankings.
• FnDB Navigator Comprehensive data analysis service providing stock, corporate financial, bond, and economic time-series data across equities, bonds, derivatives, and financials categories for institutional and corporate users.
• FnScreener Customized stock screening solution enabling users to discover undervalued or promising stocks using variables such as stock price, financial data, and consensus, with the ability to save search conditions.
• FnMezzanine Mezzanine finance market analysis service providing systematic analysis of mezzanine market conditions, listed company issuance/acquirer information, individual CB/BW data, and conversion price adjustments.
• FnEMIS Emerging market insight service providing original reports from securities firms across 13 countries including China and India, with over 500 reports updated daily through the EMIS partnership.
• DataGuide Professional-grade financial market data analysis system for institutional users requiring comprehensive data access and quantitative analysis.
• QuantiWise Corporate and investment analysis system for quantitative and qualitative financial analysis serving institutional and corporate users.
• WiseReport Securities research provision platform serving as a complementary distribution channel for institutional research for professional investors and institutions.
• Retamin Mobile investment information app for individual investors providing real-time securities research, personalized stock notifications, and a Professional Plan subscription option.
• FnSpace API service providing corporate financial and consensus data for developers and institutional clients integrating FnGuide data into their own systems.
• FnIndex Index development and management service for financial indices, providing proprietary indices used by Korean ETFs including those tracking FnGuide indices.
• WiseIndex Index provision service covering market, style, and fundamental indices for investment products and benchmarking.
• FnSpectrum Fund monitoring system for tracking and analyzing fund performance for institutional and corporate fund evaluation users.
• FundGuide Fund performance and investment analysis platform for evaluating investment funds for retail and institutional investors.
• CompanyGuide Listed company financial and market analysis support service for investors and IR professionals analyzing Korean listed equities.
• CompanyWise Listed company financial and market analysis support service operated under the WiseReport brand for institutional research users.
• CompanyInfo IR-focused listed company information management service enabling listed company IR departments to update and maintain disclosed company information.
• Best Analyst Research excellence evaluation service for outstanding securities firms and best analysts serving as an industry recognition and benchmarking platform.

Quantifiable outcome

• 150 ETFs tracking FnGuide indices listed in Korea with 30 trillion KRW in assets
• +2 more outcomes

Named customers10 records

Segments3 records

Ideal customer profiles5 records

Technology focussed Yes

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature10 records

Partnerships

Seven partnerships are on record, tiered minor and core.

• Korea Leukemia Children's FoundationminorOthers · 21 October 2025Corporate social responsibility partnership donating 30 million KRW to support childhood cancer treatment costs for children with pediatric cancer and rare intractable diseases.
• Jt CubeminorStrategic or Co-development Partner · 25 June 2024Strategic cooperation with Jt Cube to strengthen business support for asset management companies, combining ERP systems with FnGuide's financial information content for an integrated support platform.
• IndxxcoreStrategic or Co-development Partner · 8 May 2024Strategic partnership with US-based index company Indxx for establishing a joint venture in the first half of 2024 to develop and provide global indices. Enhanced collaboration strengthened FnGuide's position as a global index provider.
• QuotalabminorStrategic or Co-development Partner · 8 April 2024Strategic business agreement with Quotalab to build a comprehensive venture platform, combining FnGuide's financial data capabilities with Quotalab's platform expertise.
• EMIScoreTechnology or Integration · 1 January 2024Partnership with EMIS provides access to original reports from securities firms in 13 countries including China and India. Over 500 reports updated daily, offering local insights into emerging markets for investment analysis.
• ISG MonetaminorStrategic or Co-development Partner · 31 August 2023Business partnership with ISG Moneta for ESG index development and related business initiatives, expanding FnGuide's sustainable investment product offerings.
• SME ESG Management PartnershipminorStrategic or Co-development Partner · 9 March 2023Partnership program providing ESG management consulting services for small and medium enterprises, leveraging FnGuide's data capabilities for sustainable business support.

Scale indicators13 records

Recent moves6 records

Expansion highlights6 records

Direct peers

• FactSet: FactSet provides integrated financial data, analytics, and research workflow tools to institutional investors globally. It is the closest international analog to FnGuide's subscription-based research, consensus, ownership, and screening stack serving asset managers and securities firms.
• Morningstar: Morningstar offers investment research, fund data, ownership analytics, and proprietary indices used by ETF issuers. The overlap with FnGuide spans research distribution, consensus-style data, and the index licensing business tied to ETFs.
• S&P Dow Jones Indices (S&P Global): S&P DJI is the largest independent index provider globally, licensing indices to ETF issuers worldwide. It mirrors FnGuide's core index business model (proprietary indices licensed to Korean/global asset managers), though at vastly greater scale.
• MSCI: MSCI builds and licenses indices (equity, ESG, thematic) to ETF issuers and asset managers. Comparable to FnGuide on the index licensing side, and increasingly relevant as Korean asset managers launch global-feeder ETFs around MSCI methodologies.
• Korea Investors Service (KISLINE): KISLINE is the leading Korean financial information platform operated by Korea Investors Service, offering consensus, financial data, and ownership analytics for Korean listed companies. It is FnGuide's most direct domestic competitor across research, consensus, and data products.
• KIND (Korea Investment & Securities Market): KIND provides Korean capital-market data, disclosure information, and analytics to institutional and retail users. It overlaps with FnGuide's core data and disclosure-centric products, particularly around ownership and corporate fundamentals.

Broad incumbents

• Bloomberg: Bloomberg Terminal is the dominant institutional financial data, analytics, and research workflow platform globally. It competes with FnGuide at the high end of the Korean institutional market and increasingly offers Korean-language research and analytics.
• LSEG (Refinitiv): LSEG/Refinitiv provides market data, analytics, indices (FTSE Russell), and workspace tools to institutional investors. Overlaps with FnGuide across data, indices, and research distribution, particularly for global asset managers operating in Korea.

Emerging players

• Indxx: Indxx is a US-based index provider that entered a JV with FnGuide in 2024 to co-develop global indices. Comparable as a thematic/thematic-index competitor and partner, with significantly smaller scale than MSCI or S&P DJI.

Others

• KRX (Korea Exchange): KRX operates the Korean exchange market and publishes official market data and indices. It is a foundational data supplier and competitor in Korean market data, but operates as a market infrastructure provider rather than a commercial subscription platform.

Market position

Strengths4 records

Weaknesses4 records

Competitive moat6 records

Key risks5 records

Key highlights6 records

Customer concentration

• Xx.com/fnguide_inc

Compliance1 record

Revenue estimate

Valuation estimate

Number of profiles

Profiles3 records

Subsidiaries14 records

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A1 record

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about FnGuide