Koscom and Shin Young Securities to Jointly Launch Korea's First 'Robo Analyst' Project

[Asia Economy Reporter Oh Ju-yeon] Koscom and Shin Young Securities have decided to jointly undertake the development of the country's first 'Robo Analyst' analysis solution.

On the 30th, Koscom and Shin Young Securities announced that they signed a 'Robo Analyst Joint Business Promotion Agreement' combining each company's specialized data planning capabilities and data analysis expertise to support investors' rational investment decision-making.

Under this agreement, Koscom will implement a solution that allows financial companies to focus on data analysis based on its optimal financial cloud infrastructure capable of storing, processing, and analyzing extensive financial data, as well as the know-how of data scientists with a deep understanding of finance.

Shin Young Securities will support Robo Analyst content that can deliver timely and accurate financial information needed by customers, leveraging its differentiated customer-centric services, asset management and operation know-how, and top-tier research center capabilities in the industry.

Koscom and Shin Young Securities plan to develop the Robo Analyst with a target completion in the second half of next year. Once development is complete, financial companies will be able to receive various services as basic offerings, such as analysis of the impact of various events on the stock market and news relevance analysis services.

In particular, by utilizing the Robo Analyst, services such as customized analysis of market issues and pre-event detection are expected to become sequentially available. Through this, securities firms will be able to provide differentiated analysis services to customers based on real-time data.

Jung Ji-seok, CEO of Koscom, stated, "Following robo-advisors, the emergence of robo-analysts is accelerating paradigm shifts in the financial industry and innovation through data," adding, "Shin Young Securities, which has strengths in customer-centric research and asset management, and Koscom, equipped with data technology, will undoubtedly create synergy."

This content was produced with the assistance of AI translation services.