LG AI institute, National Pension Service join forces to manage retirement funds
LG AI Research and the National Pension Service are joining forces to develop artificial intelligence (AI) tools tailored to managing Korea’s national pension fund, betting that AI can make investment research and decision-making more efficient. The two organizations signed a memorandum of understanding Thursday at LG AI Research’s headquarters in Magok, western Seoul, LG AI Research said. The…
LG AI Research and the National Pension Service have entered a partnership to develop AI tools specifically for managing the Korean national pension fund. The collaboration aims to leverage AI in investment research and decision-making to increase efficiency. On Thursday, the two organizations signed a memorandum of understanding at LG AI Research's headquarters in Magok, western Seoul.
LG AI Research's financial AI technology will be combined with the National Pension Service's investment expertise to create services specifically tailored for pension fund management. Their initial project will focus on an AI-powered service for analyzing currency movements, utilizing economic indicators, financial news, research materials, and NPS data.
This will involve developing predictive and analytical models tailored to the fund's needs. LG AI Research's EXAONE Business Intelligence, which is already utilized by LSEG, Koscom, and Kiwoom Securities to analyze over 8,000 stocks in Korea and the United States daily, will serve as the foundation for the project. The system will provide predictive scores for individual investments.
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