Kiwoom Securities is teaming up with LG AI Research and London Stock Exchange Group (LSEG) to push innovation in investment services using artificial intelligence (AI).
Kiwoom Securities said on the 14th that it signed a strategic memorandum of understanding (MOU) with LG AI Research and LSEG at its headquarters in Yeouido, Seoul.
Through this agreement, the three organizations plan to build an "explainable AI" investment environment that presents the basis for AI predictions together. They will provide AI-based investment insights to retail investors, expand AI solutions in wealth management (WM), and pursue joint marketing related to investment information as well as secure market leadership.
The service will be offered through Kiwoom Securities' mobile trading system (MTS), HeroS#.
Eom Ju-sung, CEO of Kiwoom Securities, said, "Our goal is to create an environment where retail investors can make investment decisions more easily through investment services that combine AI technology and global data," adding, "We will continue to enhance our asset management services and platforms to improve customers' investment convenience and usage."
Meanwhile, LG AI Research is an AI-focused organization established in 2020 and owns the large-scale AI model "EXAONE (LG AI Research)." LSEG is a global financial infrastructure company with more than 300 years of history, providing financial data, news, and corporate information for more than 190 countries worldwide.