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 partnership will combine LG AI Research’s financial AI technology with NPS’ investment expertise to build services designed specifically for pension fund management. Their first project will focus on an AI-powered service for analyzing currency movements, using economic indicators, financial news, research materials and NPS data to develop predictive and analytical models tailored to the fund. LG AI Research will base the project on EXAONE Business Intelligence, its financial AI agent, which the company says is already used by LSEG, Koscom and Kiwoom Securities to analyze more than 8,000 stocks listed in Korea and the United States each day. The system provides predictive scores for individu