NH Nonghyup Bank Launches AI Retirement Pension Robo-Advisor Service

NH Nonghyup Bank announced on June 30 that it has launched a retirement pension 'Robo-Advisor (RA) Discretionary Service' based on artificial intelligence (AI) to enhance returns for its retirement pension customers.

The newly introduced 'RA Discretionary Service' is offered in partnership with Mirae Asset Global Investments, December & Company, and AI Quant Tech. By utilizing AI and big data, the service automatically manages IRP investment assets according to each subscriber's investment preferences and goals. For the first time in the banking sector, both ETF-type and fund-type options are available, giving customers a wider range of choices. The Financial Services Commission designated this service as an innovative financial service last year.

This year, NH Nonghyup Bank reorganized and expanded its Retirement Pension Support Center and Retirement Pension Marketing Team, and has been strengthening its retirement pension business to support customers' retirement, including waiving management fees for individual IRP pension payment customers.

Choi Seongwi, Head of the Retirement Pension Department at NH Nonghyup Bank, said, "We launched this service for those who find it difficult to give direct management instructions or make investment decisions," adding, "NH Nonghyup Bank will continue to enhance innovative services and products to help improve customer returns."