Gwangju Bank-GIST, Agreement to Foster Artificial Intelligence Industry

Agreed to Mutual Cooperation for Capability Building and Talent Development

[Asia Economy Honam Reporting Headquarters Reporter Yoon Jamin] Gwangju Bank (President Song Jongwook) announced on the 18th that it has signed an agreement with GIST (President Kim Giseon) to foster the artificial intelligence (AI) industry.

Through this agreement, Gwangju Bank and GIST will mutually cooperate closely to secure capabilities in the AI field and nurture outstanding technical talent, expanding exchanges through mutual cooperation. In the long term, they plan to establish an AI technology partnership.

The main contents of the agreement include ▲ AI talent development and securing outstanding talent ▲ strengthening regional business cooperation related to AI ▲ carrying out industry-academic AI projects related to finance.

GIST, centered on its AI Graduate School and AI Research Institute, plays a key role in AI research and human resource development, contributing to regional economic revitalization and industrial innovation.

Kim Giseon, President of GIST, said, “Recently, user-centered digital banking services utilizing AI technology have been spreading in the financial sector,” adding, “Based on GIST’s excellent AI research capabilities, we hope to combine Gwangju Bank’s specialized financial technology to provide convenient financial services to local residents and contribute to securing competitiveness in digital technology.”

Song Jongwook, President of Gwangju Bank, stated, “The utilization of AI has become a core part of the rapidly changing digital financial environment,” and added, “We hope that this agreement will serve as an opportunity to jointly discover AI-utilizing industry-academic projects applicable to the financial sector and promote practical innovative financial services, thereby coexisting as a financial partner in the growth of the AI industry.”

Meanwhile, Gwangju Bank operates AI-based voice phishing prevention systems and chatbot services, an automatic customer consultation response system. It also provides high-quality digital financial services utilizing new digital technologies such as fund recommendation services using robo-advisors.

In particular, it is currently undergoing redevelopment to launch a new smart banking app (APP) in August this year, and in April submitted a business license application to financial authorities to enter the MyData (personal credit information management) business, striving to lead change and innovation in the rapidly digitalizing era and become a leading digital bank.

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