(Financial Investment & Risk Management)

  ▶ Overview

  ▶ Press 

During the panel discussion at the '2023 KIDI Insurance Future Forum,' held on the afternoon of the 13th, participants gathered to discuss that data is essential for insurance innovation and emphasized the necessity of creating an environment conducive to utilizing data. 

Professor Jang Bong-gyu of the Department of Industrial and Management Engineering at Pohang University of Science and Technology (POSTECH) diagnosed that insurance companies face significant constraints when it comes to utilizing public healthcare data. 

Hana Bank's retirement pension services are expected to be further strengthened in the future. First, on the 28th of this month, the bank plans to launch an "AI Pension Investment Solution" that diagnoses and prescribes through AI. This solution provides the optimal pension investment solution and non-face-to-face post-management service by recommending pension products based on algorithms and machine learning developed by HanaTI(Hana Financial Convergence Technology Institute) and POSTECH(Pohang University of Science and Technology).

On the 15th and 16th of January, the Korea Fintech Society held its 2023 Winter Academic Conference with the theme of "Transformation of the Fintech Industry with Artificial Intelligence (AI)" at POSCO Tower in Yeoksam-dong, Gangnam-gu, Seoul. At the conference, the discussion mainly focused on ways for the fintech industry to actively utilize AI to enhance its competitiveness in future digital financial services. 

Professor Jang Bong-gyu from POSTECH (Pohang University of Science and Technology) gave a presentation on "Utilization of Data and Challenges for Digital Transformation (DX) in Financial Companies" as the topic of his speech. 

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. 

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.