FIRM

(Financial Investment & Risk Management)

▶ Overview

    • Financial Investment and Risk Management (FIRM) Laboratory at Department of Industrial and Management Engineering of Pohang University of Science and Technology (POSTECH), founded in 2008, studies the quantitative analysis of financial markets using mathematical, statistical, and computational methods. The goal of FIRM Lab is to develop scientific methods for investment and risk management in financial markets.

▶ Press

  • [Award] 2021 Korea Derivatives Association Autumn Research Presentation Professor Jang Bong-gyu of the Department of Industrial Management Engineering, Lee Hyun-tak, and Kim Jin-ki won the Best Paper Award!

Professor Jang Bong-gyu of the Department of Industrial Management Engineering at POSTECH, alumni Lee Hyun-tak (Doctor 16), and alumni Kim Jin-ki (Doctor 21) won the Excellence Paper Award at the Autumn Academic Research Presentation of the Korea Derivatives Association on December 9. He won the award for his thesis titled "Predicting Korea' Business-cycle Regimes using OnBid Auction Data," which uses public sale data from the Korea Asset Management Corporation to predict the economic situation.

  • [Award] 2021 Autumn Conference, The Korean Operations Research and Management Science Society Kim Tae-yoon, Ph.D. of industrial management and engineering, won the Excellence Award!

Kim Tae-yoon (Ph.D. candidate, supervisor: Jang Bong-gyu), in the Department of Industrial Management Engineering at POSTECH, won the Excellence Paper Award in the doctoral thesis on November 26 at the Autumn Conference of the Korean Operations Research and Management Science Society. He won the award for his thesis titled "Optimal Investment Strategy Considering Leverage Constraints and Liquidity," which derives the optimal investment strategy when economic agents consider transaction costs and the leverage under the regime switching environment. This paper is an important first step to solve the real-world problem for many financial institutions.

KB Kookmin Bank signed a business agreement with Pohang University of Science and Technology(POSTECH) to establish a 'Digital Innovation Research Center'. Through this agreement, KB Kookmin Bank and POSTECH will conduct joint research on developing digital financial products and services. Research areas include AI (Artificial Intelligence), big data, block chain, cloud, augmented reality (AR) · virtual reality (VR), and architecture· security.