diff --git a/src/KArtSell.Modules.ModelOperations/ShadowRun/Services/KrxDataService.cs b/src/KArtSell.Modules.ModelOperations/ShadowRun/Services/KrxDataService.cs
index 1bf60b4f..86769fa5 100644
--- a/src/KArtSell.Modules.ModelOperations/ShadowRun/Services/KrxDataService.cs
+++ b/src/KArtSell.Modules.ModelOperations/ShadowRun/Services/KrxDataService.cs
@@ -1,21 +1,26 @@
 using System.Net;
 using System.Text.Json;
+using Dapper;
 using Microsoft.Extensions.Caching.Memory;
 using Microsoft.Extensions.Logging;
+using Npgsql;
 
 namespace KArtSell.Modules.ModelOperations.ShadowRun.Services;
 
 /// <summary>
 /// Fetches historical OHLCV and fee schedule data from Korea Exchange (KRX) API.
 /// Implements caching, retry logic, and PIT-safe lookups (no forward bias).
+/// Rate limiting: Client-side throttling via exponential backoff on 429 responses.
 /// </summary>
 public sealed class KrxDataService : IKrxDataService
 {
     private readonly HttpClient _httpClient;
     private readonly IMemoryCache _cache;
     private readonly ILogger<KrxDataService> _logger;
+    private readonly NpgsqlDataSource _dataSource;
 
     private const int CacheDurationMinutes = 1440;  // 24 hours
+    private const int RecentDaysWindow = 7;  // Last 7 days: always refresh (mutable data)
     private const int MaxRetries = 3;
     private const int InitialBackoffMs = 100;
     private const int MaxBackoffMs = 30000;
@@ -46,17 +51,62 @@ public sealed class KrxDataService : IKrxDataService
             new EventId(4, nameof(LogRetryError)),
             "Retryable error: {ErrorMessage}");
 
-    public KrxDataService(HttpClient httpClient, IMemoryCache cache, ILogger<KrxDataService> logger)
+    public KrxDataService(
+        HttpClient httpClient,
+        IMemoryCache cache,
+        ILogger<KrxDataService> logger,
+        NpgsqlDataSource? dataSource = null)
     {
         _httpClient = httpClient;
         _cache = cache;
         _logger = logger;
+        _dataSource = dataSource!;
+    }
+
+    /// <summary>
+    /// Get the last date that was successfully imported from KRX API.
+    /// Returns null if no successful import exists or DB not available.
+    /// Used for incremental fetching (avoid re-fetching old, immutable data).
+    /// </summary>
+    private async Task<DateOnly?> GetLastSuccessfulImportDateAsync(CancellationToken cancellationToken)
+    {
+        // In test environments or when DB is not available, skip incremental optimization
+        if (_dataSource == null)
+        {
+            return null;
+        }
+
+        try
+        {
+            const string sql = """
+                SELECT MAX(DATE(import_at)) as last_date
+                FROM market_data.krx_imports
+                WHERE status = 'SUCCESS'
+                """;
+
+            await using var connection = await _dataSource.OpenConnectionAsync(cancellationToken);
+            var result = await connection.QuerySingleOrDefaultAsync<DateTime?>(sql);
+
+            if (result == null)
+            {
+                _logger.LogInformation("No previous successful KRX import found, will fetch full range");
+                return null;
+            }
+
+            return DateOnly.FromDateTime(result.Value);
+        }
+        catch (Exception ex)
+        {
+            _logger.LogWarning(ex, "Failed to get last successful import date, fetching full range");
+            return null;
+        }
     }
 
     /// <summary>
     /// Fetch daily OHLCV bars for ticker within date range.
-    /// Implements caching (24h) and retry logic for transient failures.
+    /// Implements caching (24h), incremental fetching (skip old data), and retry logic.
     /// PIT-safe: Returns only requested date range (no lookback).
+    /// Strategy: Last 7 days always fresh (mutable), older data fetched only once.
     /// </summary>
     public async Task<IReadOnlyList<DataBackfiller.OhlcvBar>> GetDailyOhlcvAsync(
         string ticker,
@@ -66,7 +116,43 @@ public sealed class KrxDataService : IKrxDataService
     {
         LogFetchingOhlcv(_logger, ticker, startDate, endDate, null);
 
-        var cacheKey = $"ohlcv:{ticker}:{startDate:yyyyMMdd}:{endDate:yyyyMMdd}";
+        // Incremental fetching: Skip old, immutable data that was already collected
+        var today = DateOnly.FromDateTime(DateTime.UtcNow.Date);
+        var lastSuccessfulImport = await GetLastSuccessfulImportDateAsync(cancellationToken);
+
+        // Strategy: Only fetch data from 7 days ago onwards (last 7 days always fresh)
+        // Skip anything older that was already imported successfully
+        var effectiveStartDate = startDate;
+        if (lastSuccessfulImport.HasValue)
+        {
+            var oldDataCutoff = today.AddDays(-RecentDaysWindow);
+            var latestOldData = lastSuccessfulImport.Value;
+
+            if (latestOldData >= oldDataCutoff)
+            {
+                // Already have recent data, skip to day after last import
+                effectiveStartDate = latestOldData.AddDays(1);
+            }
+        }
+
+        // If effective range is empty, return empty
+        if (effectiveStartDate > endDate)
+        {
+            _logger.LogInformation("Incremental fetch: {Ticker} data already up-to-date, no fetch needed", ticker);
+            return Array.Empty<DataBackfiller.OhlcvBar>();
+        }
+
+        var skippedDays = effectiveStartDate.DayNumber - startDate.DayNumber;
+        if (skippedDays > 0)
+        {
+            _logger.LogInformation(
+                "Incremental fetch: {Ticker} skipping {SkippedDays} immutable days (already imported), starting from {EffectiveStart}",
+                ticker,
+                skippedDays,
+                effectiveStartDate);
+        }
+
+        var cacheKey = $"ohlcv:{ticker}:{effectiveStartDate:yyyyMMdd}:{endDate:yyyyMMdd}";
 
         // Check cache first
         if (_cache.TryGetValue(cacheKey, out IReadOnlyList<DataBackfiller.OhlcvBar>? cached))
@@ -232,8 +318,10 @@ public sealed class KrxDataService : IKrxDataService
             }
         }
 
-        // Combine all responses
-        return $"[{string.Join(",", results.Select(r => ExtractPriceItems(r)))}]";
+        // Combine all responses (or return empty if no results)
+        return results.Any()
+            ? $"[{string.Join(",", results.Select(r => ExtractPriceItems(r)))}]"
+            : "[]";
     }
 
     private string ExtractPriceItems(string krxResponse)