Co-CEOs Kang Jin-du and Lee Hong-gu of KB Securities said on the 2nd they will make this year the "first year of the real-world application of artificial intelligence (AI)" and will move in earnest to secure AI competitiveness.
In their New Year's address that day, the two said, "We will provide the industry's top-level AI-based hyper-personalized financial products and services and redefine our work processes," adding, "Based on AI governance, we will secure AI competitiveness through execution led by frontline units."
Specifically, KB Securities plans to pursue technological advancement by using its in-house generative artificial intelligence (AI), "Kkaebi AI." Kkaebi AI is currently used for a range of tasks, including investment analysis, customer consultations, and legal reviews. The company also said it will further strengthen its digital internal control environment by reducing omissions and errors in work through an AI-based preventive system.
They also mentioned expanding competitiveness in global markets. The two said, "We opened our Mumbai office last year, taking our first step into the Indian market," adding, "Focusing on the Indian market, which has strong growth potential, we will actively expand into global business areas that have been difficult to access domestically, such as local mergers and acquisitions (M&A) and equity investments."
In the wealth management (WM) institutional sector, they emphasized innovation in the pension business, and in the investment banking (IB) institutional sector, they stressed expanding productive finance. The two said, "WM faces an important year to achieve full-fledged expansion and a leap forward," adding, "We will strengthen competitiveness with innovative products and services so that the pension business can establish itself as a core solution for customers' retirement planning."
They added, "By making the expansion of productive finance a new growth pillar, we must strengthen our unrivaled, profitability-centered IB position," and said, "We will proactively identify high-quality mid-sized companies and advanced venture companies with growth potential and technological prowess, and open pathways to sustainable growth together with our clients."