LG AI Research Institute is collaborating with the National Pension Service to develop artificial intelligence (AI) specialized for pension fund management.
On September 11, LG AI Research Institute announced that it signed a memorandum of understanding (MOU) with the National Pension Service at its headquarters in Magok, Seoul, to jointly develop AI for pension fund management.
The two parties plan to combine LG AI Research Institute's AI technology with the investment expertise of the National Pension Service to establish AI services tailored for fund management.
The first collaborative project will be the development of an 'AI-based Exchange Rate Analysis Service.' LG AI Research Institute will utilize its financial AI agent, 'ExaOne BI,' to analyze macroeconomic indicators, news, research data, and the National Pension Service's data, creating AI-based predictive and analytical models specialized for pension fund management.
The National Pension Service aims to enhance the professionalism of investment decisions and operational efficiency by incorporating AI into its investment research and decision-making processes, ultimately seeking to improve long-term investment returns. After validating the applicability of the exchange rate analysis service, they plan to gradually expand the use of AI in various areas of fund management.
Both parties are committed to establishing reliable and secure AI services as a key value, aiming to create stable use cases for AI in the field of fund management.
Lee Hwa-young, head of the business development division at LG AI Research Institute, stated, “The financial AI technology of LG AI Research Institute has already been recognized by numerous global investors. We will create a model case for leading the use of AI in the public sector.”
* This article has been translated by AI.
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