"What is the Investment Tendency of Donghak Ants?"... Geumbowon Announces Winners of the 'Financial Data Competition'

'Analysis of Investment Tendencies of New Investors Participating in the Donghak Ant Movement, Proposal of a Customized Recommendation System' Overview. Photo by Financial Security Institute

[Asia Economy Reporter Song Seung-seop] The Financial Security Institute selected the winners of the '2021 Financial Data Competition' and announced the results on the 17th.

A total of 401 teams participated in the competition, and among them, 7 teams were awarded. The Financial Services Commission Chairman's Award was given to a project that proposed a propensity analysis and personalized recommendation system for new investors participating in the Donghak Ant Movement. The award ceremony will be held at PeaceCon 2021 on the 23rd. Winners will receive preferential treatment when applying for jobs at the Financial Security Institute.

This competition was organized to promote the activation of financial data and to discover creative utilization ideas. It was conducted by proposing problem-solving methods or ideas through the combination and analysis of data. The data used included those from seven financial companies (Shinhan Bank, Woori Bank, Korea Investment & Securities, KB Kookmin Card, Shinhan Card, BC Card, Korea Enterprise Data), financial data distributed by the Financial Data Exchange, and public data.

Kim Young-gi, President of the Financial Security Institute, stated, “We plan to continue developing the competition to support the creation of added value through data analysis and utilization.”

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