Overview

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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.

KB Kookmin bank launches new AI-powered investment solution AI Portfolio

KB Kookmin Bank has announced that they are releasing a new AI-based solution "AI Portfolio" on their platform, "KB Star Banking", that offers personalized investment recommendations and facilitates automatic portfolio rebalancing without any further need of maintenance.

"AI Portfolio" is designed to meet the growing demand for contactless wealth management services. To develop this solution, KB Kookmin Bank collaborated with the POSTECH Digital Innovation Research Center to develop AI algorithm for mutual fund scoring and selection. 

Insurance data innovation contributes to the advancement of the insurance industry

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 achieves first place in retirement pension savings increase among banks in the first quarter

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).

Transformation of the industry with AI-based digital finance

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. 

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. 

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,".