Bank of Korea Establishes Digital Innovation Office... Research and Application of AI and Big Data

[Asia Economy Reporter Eunbyeol Kim] The Bank of Korea announced on the 22nd that it will establish a Digital Innovation Office through an organizational restructuring in the second half of this year.

The Digital Innovation Office will be established directly under the Vice President in charge of planning and will be responsible for tasks such as digital new technologies and expansion of the latest digital infrastructure. Sub-organizations under the Digital Innovation Office will include the Innovation Planning Team, Digital New Technology Division, and Data Service Team.

▲ Research on policy implementation and application methods to internal management for artificial intelligence (AI), big data, etc. ▲ Establishment of data governance policies and strategies at the enterprise-wide level ▲ Expansion of the latest digital infrastructure such as research platform.

The Bank of Korea plans to actively introduce technologies such as artificial intelligence (AI) and blockchain into its operations through the Digital Innovation Office. A Bank of Korea official stated, "We plan to concentrate employees who have actively expressed their willingness to participate within the organization in the Digital Innovation Office, and will seek ways to effectively enhance organizational capabilities by bringing the skills and expertise of these employees to the highest level."

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