Woori Bank Partners with LG to Launch 'Hyper-scale AI Commercialization'

Woori Bank signed a "Strategic Partnership Agreement for the Commercialization of Super Large AI" with LG AI Research Institute at LG Science Park in Magok-dong, Gangseo-gu, Seoul on the 20th. Hwang Won-cheol (left), Head of Woori Bank Digital Group, and Bae Kyung-hoon, Director of LG AI Research Institute, are taking a commemorative photo.

[Asia Economy Reporter Jin-ho Kim] Woori Bank announced on the 21st that it has signed a 'Strategic Partnership Agreement for the Commercialization of Super Large AI' with LG AI Research. The signing ceremony held the day before was attended by Hwang Won-cheol, Head of Woori Bank's Digital Group, and Bae Kyung-hoon, Director of LG AI Research, among others.

The two companies agreed to strengthen cooperation in various fields, including ▲ joint research on new technologies such as finance-specialized language models ▲ joint discovery of next-generation financial services ▲ assetization and utilization of unstructured data ▲ development of ‘AI Banker’ based on super large AI and future-oriented branch development.

‘Super Large AI’ is next-generation AI that utilizes large-scale data and supercomputing infrastructure. It is a technology that can reason by itself like the human brain and expand into the realm of creation, enabling humans and AI to communicate based on natural language.

Woori Bank plans to conduct research on finance-specialized language models using the abundant data accumulated so far to build super large AI and install next-generation financial environment platforms. LG AI Research will support with excellent computing infrastructure, technology, and know-how for data learning.

A Woori Bank official stated, “Through this agreement, we will secure growth engines that lead financial innovation in the post-COVID era, providing customers with convenient financial services using AI and differentiated customer experiences.”

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