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LG. / Courtesy of Yonhap News

LG AI Research has teamed up with Koscom to analyze financial data using artificial intelligence (AI).

LG AI Research announced on July 7 that it held a signing ceremony for a "Strategic Memorandum of Understanding to Provide AI-Based Korean Financial Data Analysis Services" at Koscom's headquarters in Yeouido, Seoul. Koscom is a financial IT specialist in charge of the South Korean capital market's IT infrastructure, collecting, processing, and providing services for transaction data generated in capital markets.

The ceremony was attended by key executives from LG AI Research, including Co-Director Lim Woo-hyung and Head of Business Development Lee Hwa-young, alongside Koscom's executive leadership, including President Yoon Chang-hyun and Senior Vice President Lee Chang-jin.

The two companies agreed to combine Koscom’s financial data with "EXAONE BI," a financial AI agent powered by LG AI Research’s AI forecasting technology, which has earned technological recognition in global financial markets. Through this, they plan to build an AI forecasting and analysis service specialized for the South Korean stock market.

Leveraging Koscom's domestic client base and the global distribution channels of London Stock Exchange Group (LSEG)—a UK-based firm with which LG AI Research collaborates—the partners plan to provide this specialized Korean stock market forecasting and analysis service to both domestic and international clients.

"In the AI era, combining trustworthy financial data with AI technology is more critical than anything else," said Yoon Chang-hyun, President of Koscom. "Based on Koscom’s financial data expertise and LG AI Research's technological capabilities, we will deliver differentiated financial information services. Starting with this service, we will introduce a variety of products to lead the AI transformation of financial markets."

Lim Woo-hyung, Co-Director of LG AI Research, noted, "In the stock market, the ability of an AI to explain why it presented a certain result is just as crucial as its forecasting accuracy. Based on LG's AI technology, we will provide reliable information to institutional and retail investors at home and abroad, contributing to the innovation of AI services in the financial sector."

                                                                                                              Choi In-kyu