December & Company Asset Management Provides AI-Recommended Fund Service to Kyobo Life Insurance

[Asia Economy Reporter Minji Lee] December & Company Asset Management announced on the 3rd that it will establish an asset management robo-advisor system through a partnership with Kyobo Life Insurance, a leading domestic insurance company, and officially launch the service.

As a result, Kyobo Life customers will be able to enjoy advanced algorithm-based robo-advisor services not only for all variable insurance products but also for defined contribution (DC) retirement pensions and individual retirement pensions (IRP).

By utilizing December & Company's AI, personalized asset allocation strategies tailored to customers' investment tendencies and objectives are automatically recommended. When subscribed customers decide the investment proportions by asset class, the system selects the optimal financial products accordingly and, through monitoring domestic and international financial markets, recommends portfolio rebalancing based on market conditions to support more successful investments.

In addition, real-time access to economic and securities data from Korea as well as countries worldwide is available, along with useful and diverse information related to global financial markets.

Jin-Young Jung, CEO of December & Company Asset Management, said, “Through this partnership, we expect to provide Kyobo Life customers with highly satisfactory variable insurance and retirement pension management services,” adding, “As we have been recognized for industry-leading technology through successive partnerships with prominent companies across the financial sector, we will continue to focus on advancing our technology.”

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