SEOUL, June 27 (Korea Bizwire) – Would you trust a robot to manage your financial assets? Korea’s Financial Services Commission (FSC) announced upcoming legislation on Sunday that will allow a ‘robo-advisor’, an AI-based asset management service, to serve as an investment advisor and a manager of investors’ financial assets. Although robo-advisors have performed certain financial [...]
SEOUL, Sept. 2 (Korea Bizwire) — Financial assets of Korean households have turned out to be very low compared to other countries. Experts say that the phenomenon is due to the Korean household practice of having most major assets concentrated on real estate. According to the Korea Financial Investment Association, the portion of financial assets held [...]
SEOUL, Jan. 15 (Korea Bizwire) – Korean upper class members with more than 3 billion won (US$ 2.7 million) in financial assets are mostly interested in inheritance and asset gifts, according to a survey conducted by Samsung Life Insurance’s ‘Samsung Family Office’ on January 14. Samsung Family Office is the insurance company’s asset management center focused [...]