December & Company Signs Robo-Advisor Retirement Pension Discretionary Service Agreement with NH Nonghyup Bank

December & Company is accelerating the activation of AI-powered hyper-personalized customized retirement pension management.

December & Company, which operates the AI simple investment platform ‘fint,’ announced on the 8th that it has signed a memorandum of understanding (MOU) with NH Nonghyup Bank to provide robo-advisor (RA) retirement pension services scheduled to be launched in the second half of this year.

The signing ceremony held the previous day at Nonghyup Bank headquarters in Jung-gu, Seoul, was attended by Kim Yong-wook, Vice President of Investment Products and Asset Management at Nonghyup Bank, and Song In-seong, CEO of December & Company, among others, who agreed to actively cooperate in providing and promoting the robo-advisor retirement pension discretionary service.

Specifically, December & Company plans to pursue close business partnerships in areas such as ▲service planning ▲API and infrastructure development ▲launch, contracting, and discretionary management for providing RA investment discretionary services targeting Nonghyup Bank retirement pension accounts.

Fint, which introduced Korea’s first non-face-to-face RA investment discretionary service, has innovated the 1:1 customized investment discretionary market, once considered exclusive to high-net-worth individuals, by utilizing proprietary AI technology to make it easy and simple for anyone to use.

Launched first among AI investment discretionary services in 2021, Fint’s personal pension savings service is recognized as a service specialized in pension management with stable returns and high downside protection, tailored for long-term investment.

The assets under management for Fint’s pension savings investment have continuously grown since the service launch, surpassing 40 billion KRW as of August. In addition, Fint holds the largest share of customers (58.4%) and assets under management (79.8%) in the entire RA discretionary sector.

Song In-seong, CEO of December & Company, said, “We plan to closely cooperate with NH Nonghyup Bank and actively support the activation of the soon-to-open robo-advisor retirement pension market.” He added, “Fint’s strength, which pioneered Korea’s first non-face-to-face robo-advisor investment discretionary market and led the popularization of simple investment, will demonstrate competitiveness in the RA retirement pension market as well.”