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 formed a partnership to create AI tools aimed at managing Korea's national pension fund. The collaboration aims to enhance investment research and decision-making processes through the use of artificial intelligence. The memorandum of understanding was signed on Thursday at LG AI Research's headquarters in Magok, western Seoul.
By combining LG AI Research's financial AI technology with the investment expertise of the National Pension Service, the two organizations plan to develop services specifically designed for pension fund management. Their initial project will concentrate on an AI-powered solution for analyzing currency movements, utilizing economic indicators, financial news, research materials, and NPS data to create predictive and analytical models tailored to the fund's needs.
The project will leverage LG AI Research's EXAONE Business Intelligence, a financial AI agent that is currently utilized by various financial institutions such as LSEG, Koscom, and Kiwoom Securities for analyzing over 8,000 stocks listed in Korea and the United States daily. This system generates predictive scores for individual securities.
Written by urgent.news from The Korea Times's reporting — not their text. Machine-written — may contain errors; check the original before relying on it.
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