Quarterback Secures Strategic Investment of 10 Billion KRW from Shinhan Financial Group

[Asia Economy Reporter Minji Lee] Quarterback, the first robo-advisor company in Korea, announced on the 2nd that it has completed a strategic investment of 10 billion KRW from Shinhan Financial Group's SI (Strategic Investment) fund.

This investment is aimed at the continuous expansion of Quarterback's digital asset management business. Taking this strategic investment as an opportunity, Quarterback plans to promote cooperation utilizing robo-advisor technology in various digital businesses of the group companies, including Shinhan Investment Corp., banking, card, and life insurance sectors.

Quarterback is a domestic AI-based digital asset management solution provider offering customized investment solutions based on global asset allocation algorithms, managing 453 billion KRW in assets as of the end of last year.

Quarterback's proprietary AI system, 'QBIS', was the first in Korea to pass the robo-advisor testbed hosted by the Financial Services Commission and KOSCOM, and is achieving cumulative performance ranking among the top tier. Based on these results, Quarterback provides investment products and solutions to more than 20 financial institutions, including Shinhan Life, Kiwoom Investment Asset Management, KB Bank, and Kyobo Life Insurance.

Jang Doo-young, CEO of Quarterback, said, "This strategic investment from Shinhan Financial Group will serve as a foundation to provide customers with more advanced personalized digital asset management services, and we will use the funds to strengthen talent acquisition." He added, "We will advance our asset growth services to cover not only traditional assets but also non-traditional assets."

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