Also known as: KOSPI2 Index (Bloomberg) · 1028 (KRX code)
At a glance
| Field | Value | Source text | Reading (model) |
|---|---|---|---|
| M1 Identity, objective, classification · 20 fields | |||
| Methodology review process | KRX periodically reviews whether the methodology achieves the index's objective and reflects stakeholder requirements, with review matters deliberated by the Index Operating Committee. | 2.2 (방법론 정기검토) KRX는 이 방법론이 지수의 본래 목표를 달성하도록 적 절히 작동하는지, 이해관계자의 요구사항을 충분히 반영하고 있는지 등을 정기적으로 검토합니다. 이 경우에, 검토에 관한 사항은 주가지수운영위원회 의 심의를 거치도록 합니다.Open p.2 ↗ |
KRX periodically reviews the methodology, and the review is subject to deliberation by the Index Operating Committee. |
| Expert judgement disclosure | When expert judgment is used, KRX gives prior notice of the background and treatment through the KRX index website. | 5.4 KRX의 전문적 판단이 내려진 경우에는 그 배경과 처리방안 등을 KRX 인 덱스 홈페이지를 통해 사전에 공지합니다.Open p.3 ↗ |
KRX announces the background and handling of expert-judgment decisions in advance on the KRX index website. |
| Index name | Korea Stock Exchange KOSPI 200 | ㅇ 블룸버그 티커는 아래와 같습니다. 지수명 블룸버그 티커 Korea Stock Exchange KOSPI 200 KOSPI2Open p.11 ↗ |
The official English index name shown with the Bloomberg ticker is Korea Stock Exchange KOSPI 200. |
| Index short name | KOSPI 200 | KOSPI 200 지수는 KRX 유가증권시장을 대표하는 지수로서 ’94.6월 개발되었 으며, 선물, 옵션, ETF 등 다양한 금융상품의 기초지수로 활용되고 있습니다.Open p.2 ↗ |
The index is referred to as the KOSPI 200 Index throughout the methodology. |
| Local index name | KOSPI 200 지수 | 1.1 이 방법론은 KRX가 산출하는 KOSPI 200 지수의 산출과 관리에 필요한 사항 을 기술합니다.Open p.2 ↗ |
The local Korean name of the index is KOSPI 200 지수. |
| Vendor codes | Bloomberg: KOSPI2 | ㅇ 블룸버그 티커는 아래와 같습니다. 지수명 블룸버그 티커 Korea Stock Exchange KOSPI 200 KOSPI2Open p.11 ↗ |
The Bloomberg ticker for the index is KOSPI2. |
| Administrator | KRX | 2.1 (지수관리자) KRX는 지수관리자로서 아래사항을 포함하여 KOSPI 200 지수 의 산출, 운영 및 관리에 관한 사항을 담당하고 있습니다.Open p.2 ↗ |
KRX is the index manager responsible for the calculation, operation, and management of the KOSPI 200 Index. |
| Calculation agent | KRX | 5.2 KRX는 정규시장에서 체결된 가격과 종목별 상장주식수에 기반하여 주가지 수를 자동 산출 및 공표하고 있으므로 입력데이터와 관련하여 별도의 전문 적 판단을 내리지는 않습니다.Open p.3 ↗ |
KRX automatically calculates and publishes the index based on regular-market prices and listed shares. |
| Index family | KRX indices | 1.2 이 방법론은「KRX 주가지수 기본 방법론(Basic Methodology for KRX Indices)」등과 연계되어 있습니다.Open p.2 ↗ |
The KOSPI 200 methodology is linked to the Basic Methodology for KRX Indices and other KRX index policies. |
| Parent index | 코스피지수 (KOSPI) | 6.1.1 KOSPI 200 지수의 구성종목 선정을 위한 심사대상종목은 매년 정기변경 일이 속한 월의 전전월 최종 매매거래일(이하 “심사기준일”) 현재, 다음의 종목을 제외한 코스피지수 구성종목으로 합니다.Open p.4 ↗ |
Eligible securities for KOSPI 200 selection are drawn from constituents of the KOSPI Index. |
| Launch date | 1994-06 | KOSPI 200 지수는 KRX 유가증권시장을 대표하는 지수로서 ’94.6월 개발되었 으며, 선물, 옵션, ETF 등 다양한 금융상품의 기초지수로 활용되고 있습니다.Open p.2 ↗ |
The KOSPI 200 Index was developed in June 1994. |
| Base date | 1990-01-03 | KOSPI 200 지수는 비교시점의 시가총액을 기준시점의 시가총액으로 나눈 후 기준지수를 곱하여 산출하며, 기준시점은 1990년 1월 3일, 기준지수는 100으로 합니다.Open p.9 ↗ |
The base date for the KOSPI 200 calculation is January 3, 1990. |
| Base value | 100 | KOSPI 200 지수는 비교시점의 시가총액을 기준시점의 시가총액으로 나눈 후 기준지수를 곱하여 산출하며, 기준시점은 1990년 1월 3일, 기준지수는 100으로 합니다.Open p.9 ↗ |
The base index level is 100. |
| Benchmark type | Not stated | — (not found verbatim in the PDF) |
The document does not classify the index under a regulatory benchmark category. |
| Objective | KOSPI 200 지수는 KRX 유가증권시장을 대표하는 지수 | KOSPI 200 지수는 KRX 유가증권시장을 대표하는 지수로서 ’94.6월 개발되었 으며, 선물, 옵션, ETF 등 다양한 금융상품의 기초지수로 활용되고 있습니다.Open p.2 ↗ |
The KOSPI 200 Index is designed to represent the KRX securities market. |
| Intended use | futures underlying, options underlying, ETF underlying, other financial products | 선물, 옵션, ETF 등 다양한 금융상품의 기초지수로 활용되고 있습니다.Open p.2 ↗ |
The index is used as the underlying index for futures, options, ETFs, and various other financial products. |
| Market classification | Domestic | KOSPI 200 지수는 KRX 유가증권시장을 대표하는 지수로서 ’94.6월 개발되었 으며Open p.2 ↗ |
The index covers the domestic KRX securities market in Korea. |
| Size segment | Large | 6.4.4 (대형주 특례) 상기 6.2.~6.4.3에도 불구하고 6.1에 해당하는 종목중시가총액 이 상위 50위 이내인 종목은산업군별 비중, 유동성 등을 감안하여 구성종목 으로 선정할 수 있으며Open p.6 ↗ |
The methodology includes a special rule for large-cap stocks and selects 200 representative stocks. |
| Index family type | Market cap | 6.3.1 (심사기준) 구성종목 선정을 위한 심사기준은 심사대상기간의 일평균시가 총액 및 일평균거래대금으로 합니다.Open p.4 ↗ |
The index is selected and calculated using market capitalization measures, including free-float-adjusted market capitalization. |
| Factor exposures | — | 이를 위해 유가증권시장을 잘 반영할 수 있도록 시장대표성, 유동성 및 상 품성 등을 종합적으로 고려하여 구성종목 선정, 지수산출 등 세부 방법론을 설계하였습니다.Open p.2 ↗ |
No factor exposure is specified; the index is a broad market representative index rather than a factor index. |
| M2 Universe · 7 fields | |||
| Other discretionary exclusions | Securities recognized as unsuitable as constituents, including those under Section 8.2 of the Basic Methodology for KRX Indices, may be excluded. | 6.1.3 그 밖에 구성종목으로 적합하지 않다고 인정되는 종목(KRX 주가지수 기본 방법론 8.2에 따른 종목 등)은 심사대상에서 제외할 수 있습니다.Open p.4 ↗ |
KRX may exclude other securities deemed unsuitable as constituents, including securities covered by Section 8.2 of the basic KRX index methodology. |
| Markets | South Korea | KOSPI 200 지수는 KRX 유가증권시장을 대표하는 지수로서 ’94.6월 개발되었 으며Open p.2 ↗ |
The covered market is the KRX securities market in Korea. |
| Exchanges | KRX | KOSPI 200 지수는 KRX 유가증권시장을 대표하는 지수로서 ’94.6월 개발되었 으며, 선물, 옵션, ETF 등 다양한 금융상품의 기초지수로 활용되고 있습니다.Open p.2 ↗ |
The index represents the KRX securities market. |
| Boards | KOSPI securities market | 다음의 종목을 제외한 코스피지수 구성종목으로 합니다.Open p.4 ↗ |
Selection candidates are constituents of the KOSPI Index traded on the KRX securities market. |
| Security types | Common | ㅇ 관리종목 및 정리매매종목 ㅇ부동산투자회사, 선박투자회사, 사회기반시설투융자회사, 기업인수목적회사 ㅇ 유동주식비율이 10% 미만인 종목Open p.4 ↗ |
The candidate universe is based on KOSPI common-stock constituents and excludes REITs, ship investment companies, infrastructure investment companies, and SPACs. |
| Parent universe index | KOSPI | KOSPI 200 지수의 구성종목 선정을 위한 심사대상종목은 매년 정기변경 일이 속한 월의 전전월 최종 매매거래일(이하 “심사기준일”) 현재, 다음의 종목을 제외한 코스피지수 구성종목으로 합니다.Open p.4 ↗ |
The screening universe consists of KOSPI Index constituents, subject to specified exclusions. |
| Exclusions | administrative-issue securities, securities in organized over-the-counter trading after delisting procedures, real estate investment companies, ship investment companies, social infrastructure investment and financing companies, special purpose acquisition companies, securities with a free-float ratio below 10 percent | ㅇ 관리종목 및 정리매매종목 ㅇ부동산투자회사, 선박투자회사, 사회기반시설투융자회사, 기업인수목적회사 ㅇ 유동주식비율이 10% 미만인 종목Open p.4 ↗ |
The eligible-securities screen excludes managed issues, issues in organized cleanup trading, specified investment-company and SPAC structures, and issues with free float below 10%. |
| M3 Eligibility screens · 11 fields | |||
| Industry classification | Energy, Materials, Industrials, Consumer Discretionary, Consumer Staples, Health Care, Financials and Real Estate, Information Technology, Communication Services, Utilities | ㅇ 심사대상종목은 글로벌 산업분류(GICS)*를 참고하여 다음 10개 산업군으로 분류합니다. 산업군 분류는 심사일을 기준으로 합니다.Open p.4 ↗ |
Eligible securities are classified into 10 industry groups using GICS as a reference. |
| Target constituent count adjustment | Target count: 200; Below target rule: Add the highest average daily market-capitalization unselected securities regardless of industry, subject to the liquidity criterion; Above target rule: Remove selected securities with the lowest average daily market capitalization regardless of industry | 6.4.3 (3차선정) 2차선정까지 완료한후 구성종목수가 200종목에 미달하거나 초과 하는 경우 다음과 같이 변경합니다.Open p.5 ↗ |
If the second-stage selection yields fewer or more than 200 constituents, additions or removals are made by average daily market capitalization while preserving the liquidity requirement for additions. |
| Large cap special rule | An eligible security ranked within the top 50 by market capitalization may be selected considering industry weight and liquidity, replacing the selected security with the smallest average daily market capitalization; market capitalization is based on the average over the latest 15 trading days as of the review date. | 6.4.4 (대형주 특례) 상기 6.2.~6.4.3에도 불구하고 6.1에 해당하는 종목중시가총액 이 상위 50위 이내인 종목은산업군별 비중, 유동성 등을 감안하여 구성종목 으로 선정할 수 있으며, 이 경우 이미 선정된 종목 중 일평균시가총액이 가장 작은 종목을 제외합니다. 이 경우 시가총액은 구성종목 심사일 기준 최근 15매 매거래일의 일평균시가 총액으로 합니다.Open p.6 ↗ |
A top-50 large-cap security may be specially selected based on industry weight and liquidity and replace the smallest selected constituent, using a 15-trading-day average market capitalization. |
| Trading history | Minimum value: 6 months; Exceptions: Companies transferred from KONEX/KOSDAQ may combine listing periods on the securities market and KOSDAQ market., Spin-off entities admitted before the regular review and special fast-entry new listings already treated as existing constituents are exempt if they are constituents at the regular review date | 6.1.2 신규상장일(기업인수목적회사 합병상장일 포함)로부터 6개월이 경과하지 않은 종목은 심사대상에서 제외합니다. 단, 다음의 경우는 예외Open p.4 ↗ |
Securities are generally excluded unless six months have elapsed since listing, with exceptions for transfers from KOSDAQ and certain spin-off or special-entry securities. |
| Liquidity screen | Metric: Average daily value; Window: latest 6 months, including the month containing the screening reference date; Threshold: average daily trading value rank within the top 85% of all eligible securities in the relevant industry group; Buffer for existing: Existing constituents satisfying the liquidity test are retained if average daily market-capitalization rank is within 110% of the number of existing constituents in that industry group | 6.3.2 (심사대상기간) 심사대상기간은 심사기준일이 속한 달을 포함하여 소급한 최근 6개월로 합니다. 이 경우 1개월 기간은 해당하는 달의 최초 매매거래일부터 최종 매매거래일까지로 계산합니다.Open p.4 ↗ |
Candidates are assessed over the latest six months and must satisfy the liquidity criterion by ranking within the top 85% by average daily trading value in their industry group; existing constituents have a rank retention buffer. |
| Minimum size | Metric: Full market cap; Threshold: selected within each industry group until cumulative market capitalization first reaches 85% of that industry group's total market capitalization; new entrants must rank within 90% of the number of existing constituents in the industry group | ㅇ 해당 산업군의 심사대상종목 중 일평균시가총액이 큰 순서로 하되, 누적시가 총액이 처음으로 해당 산업군 전체시가총액의 85%에 해당하는 종목까지 선 정합니다.Open p.5 ↗ |
First-stage selection covers the largest average daily market-capitalization securities in each industry group until cumulative market capitalization reaches 85%, and new entrants must rank within 90% of the existing constituent count. |
| Minimum free float | 10% | ㅇ 유동주식비율이 10% 미만인 종목Open p.4 ↗ |
Securities with a free-float ratio below 10% are excluded from eligible securities. |
| Financial screens | — | — (not found verbatim in the PDF) |
No profitability or financial-health screen is stated in the provided methodology. |
| Business or ESG exclusions | — | — (not found verbatim in the PDF) |
No business-controversy or ESG exclusion is stated in the provided methodology. |
| Suspension rule | Securities that resume trading after a long trading halt due to substantive listing eligibility review use the period from trading resumption to the screening reference date as the evaluation period; ad hoc changes may be delayed until after the halt is resolved. | ㅇ 상장적격성 실질심사로 인한 장기간 거래정지 이후 심사기준일 이전에 거래재 개한 종목의 경우 거래재개일부터 심사기준일까지를 심사대상기간으로 합니다.Open p.5 ↗ |
Long-suspended securities resuming trading are evaluated from their resumption date, and ad hoc constituent changes can be postponed when a suspension remains in effect. |
| Extreme price screen | — | — (not found verbatim in the PDF) |
No abnormal-price-increase exclusion is stated. |
| M8 Corporate actions, IPOs, ad-hoc changes · 1 field | |||
| Merger spinoff rules | Merger acquisition: On the merger new-share listing date, index constituent shares and comparative market capitalisation increase by the merger shares; timing may move to the suspended target's trading halt start date when required by an index methodology or ad hoc review, with the target's shares set to zero; Spin off: Spin off by distribution: The surviving company's market capitalisation is fixed at the pre-split level on the first trading day after the split; from the next day, index shares decrease by the split shares and market capitalisation changes by the post-split difference; Spin off to wholly owned subsidiary: Because the parent retains all shares of the new company, index constituent shares remain unchanged and there is no index adjustment | 합병신주상장일에 합병으로 인해 증가하는 주식수만큼 지수채용주식수가 증가 하고 비교시가총액은 증가합니다.From KRX Corporate Actions and Events Methodology ↗ |
Mergers, including comprehensive share exchanges and transfers, are normally reflected on the new-share listing date, but may be reflected at the target company's trading-halt start date in specified cases. An equitable spin-off is reflected similarly to a capital reduction without consideration, while a physical spin-off into a wholly owned subsidiary leaves the parent's index share count unchanged. |
Open points · 13Model-written, for reference
- 1Index ISIN is not printed.
- 2KRX vendor code, Refinitiv code, and Wind code are not provided; only the Bloomberg ticker is shown.
- 3Calculation currency is not explicitly stated.
- 4Methodology version label and methodology edition date are not printed.
- 5Regulatory benchmark classification is not stated.
- 6No minimum foreign room, voting-rights, minimum price, financial-health, ESG, or abnormal-price screen is stated.
- 7The document references the Basic Methodology for KRX Indices for detailed free-float and other rules, but that referenced document is not included here.
- 8Not coveredM4 Selection and constituent count: not covered by this edition
- 9Not coveredM5 Weighting and capping: not covered by this edition
- 10Not coveredM6 Review and rebalance schedule: not covered by this edition
- 11Not coveredM7 Buffers and turnover control: not covered by this edition
- 12Not coveredM9 Calculation and return variants: not covered by this edition
- 13Not coveredM10 Governance, change policy, disclosure: not covered by this edition
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