robo-advisor Archives | Be Korea-savvy
Test Bed for Robo-Advisor Offers Positive Returns

Test Bed for Robo-Advisor Offers Positive Returns

SEOUL, Nov. 25 (Korea Bizwire) – It’s been a month since Korea began the pilot operation of a robo-advisor for financial investments, and thus far, it has left some positive impressions. According to Koscom, an IT solution company that’s overseeing the test bed, the AI-based system managed to make a profit on all portfolios investing [...]

Financial Watchdog Urges Tougher Fintech Security

Financial Watchdog Urges Tougher Fintech Security

SEOUL, Sept. 2 (Korea Bizwire) – The head of South Korea’s financial watchdog on Friday called for local financial services firms to beef up security-related measures for their fast-developing fintech operations.  “Responsible innovation is needed in the financial industry,” Financial Supervisory Service (FSS) Governor Zhin Woong-seob said in a forum hosted by the Korea Institute [...]

Regulator Set to Launch Robo-Advisor Test Bed

Regulator Set to Launch Robo-Advisor Test Bed

SEOUL, Aug. 29 (Korea Bizwire) – South Korea will soon begin the process of introducing a full-fledged computer-advised asset management system, the nation’s financial regulator said Sunday.  Some brokerage firms here have operated robo-advisors on a limited basis with brokers involved.  The Financial Services Commission (FSC) said it plans to first confirm whether the industry [...]

Robo-Advisors Lead Korean Asset Management Innovation

Robo-Advisors Lead Korean Asset Management Innovation

SEOUL, July 12 (Korea Bizwire) – The latest predictions of the future of the Korean asset management market indicate that the use of robo-advisors, AI-based asset management services, will become more prevalent in coming years. The AI platforms will serve as investment advisors that recommend specific financial products and investment portfolio composition via analysis of [...]

Robots to Manage Financial Assets in Korea

Robots to Manage Financial Assets in Korea

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 [...]