LG AI Research chief Lim Woo-hyung (C) poses with London Stock Exchange Group senior executive Nicolas Falmagne (L) and Kiwoom Securities CEO Eom Ju-sung after agreeing to cooperate on AI agent services for retail investors at the head office of Kiwoom Securities in Seoul on Monday. Photo by LG AI Research
SEOUL, April 14 (UPI) — South Korea’s LG AI Research said Tuesday that it will work with local brokerage Kiwoom Securities and London Stock Exchange Group to develop AI agent services for retail investors.
Under the contract, the three parties aim to provide stock-specific forecast scores alongside easy-to-understand explanations on Kiwoom’s retail trading platform. They also plan to introduce AI-powered wealth management services.
Toward that end, LG AI Research plans to leverage its EXAONE-Business Intelligence system. LG said the system is built on four specialized AI agents — AI journalist, AI economist, AI analyst and decision-maker.
They are intended to collect real-time data, analyze it to forecast market trends and generate reports before evaluating various scenarios to produce final scores for stocks.
Established in 2020 as an affiliate of LG Group, LG AI Research focuses on developing cutting-edge AI technologies and addressing related challenges.
“For financial AI agents, explainability and reliability are just as crucial as accuracy,” LG AI Research chief Lim Woo-hyung said in a statement.
“EXAONE Business Intelligence is evolving into a practical AI system that supports human judgment as expert agents collaborate to perform tasks ranging from analysis and forecasting to report preparation,” he said.
London Stock Exchange Group senior executive Nicolas Falmagne said the three-way alliance would mark a turning point in creating greater value across the entire financial ecosystem.
LG AI Research is not publicly listed. The share price of LG Group’s holding company, LG Corp., edged down 0.11% on the Seoul bourse Tuesday. Those of Kiwoom Securities rose 4%.