Kyobo Securities Passes Testbed Evaluation for AI Retirement Pension

Kyobo Securities announced on the 19th that it has passed the 22nd Robo-Advisor Testbed evaluation hosted by Koscom.

This testbed was conducted by a consortium formed by Kyobo Securities and Kyobo DTS since the end of last year to launch an artificial intelligence (AI) retirement pension service. It is especially noteworthy as the result of collaboration among group affiliates as a new business for Kyobo Group's digital innovation.

Kyobo DTS passed the evaluation with its AI algorithm for retirement pensions, and Kyobo Securities with its discretionary retirement pension system, totaling two types. These include an algorithm reflecting retirement pension regulatory requirements and an alpha-type algorithm based on U.S.-listed exchange-traded funds (ETFs).

Since the operation disclosure on December 11 last year, the retirement pension ETF type recorded a highest cumulative return of 24.02% over about seven months. The alpha-type algorithm also showed excellent performance with a highest return of 19.30%.

Kyobo Securities underwent system evaluation based on Kyobo DTS's retirement pension algorithm. It received excellent assessments in security and stability, passing the final evaluation.

Cho Seong-ho, head of the IPS Division at Kyobo Securities, stated, “With the retirement pension robo-advisor discretionary service, portfolios tailored to customers' investment tendencies and goals are automatically constructed and managed, enabling efficient professional asset management.”

Meanwhile, Kyobo Securities plans to quickly launch suitable products after applying for innovative financial services for discretionary retirement pension management by the end of this year.