"FnGuide, Record-High Earnings Expected in 2026"

[Edaily Reporter Kwon Oh Seok] Independent research firm ValueFinder said on September 14 that ‘FnGuide’ is expected to post record-high earnings in 2026, driven by accelerating growth in its index business as the net asset value (NAV) of Korea‘s ETF market has surpassed KRW 512tn. ValueFinder initiated coverage on FnGuide with a BUY rating and a target price of KRW 28,800. FnGuide Logo.Founded in 2000, FnGuide transferred its listing to the KOSDAQ market in 2020 and is a provider of financial information and index services. Its major clients include financial institutions such as securities firms, asset managers, and banks, as well as universities and research institutes. The Company operates three main business segments: financial information services, index development and services, and fund evaluation. As of 1H26, financial information services accounted for 43.7% of revenue, followed by the index business at 53.2% and fund evaluation at 3.1%. Korea’s ETF market has grown at a 42% CAGR over the past five years, with total NAV surpassing KRW 512tn as of 2Q26. Over the same period, the number of ETFs listed in Korea increased from 533 in 2021 to 1,167 as of end-August 2026. FnGui...