Korea Exchange Signs MOU with Naver to Promote 'AI-Translated English Disclosures'

Lim Jae-jun, Head of the Korea Exchange KOSPI Market Division (left), and Shin Jung-hwi, Lead Manager at Naver, are posing for a commemorative photo after signing a business agreement to promote English disclosures. Photo by Korea Exchange

[Asia Economy Reporter Lee Myunghwan] The Korea Exchange announced on the 10th that it has signed a business agreement with Naver (NAVER) to promote English disclosures of listed companies using artificial intelligence (AI) translation infrastructure.

In this agreement, both organizations agreed to activate English disclosures of listed companies through the advancement of AI translation infrastructure.

According to the Exchange, the current Korean stock market has relatively insufficient English information on timely disclosures and regular reports compared to the proportion of foreign investors. In particular, most listed companies face considerable difficulties in preparing English reports for voluminous regular reports.

The Korea Exchange began discussing the possibility of utilizing Naver's AI translation infrastructure in the process of finding more efficient ways to provide English disclosures. As a result, both parties agreed that English translation using AI translation infrastructure could contribute to the activation of English disclosures.

Under this business agreement, the Korea Exchange will provide accumulated Korean and English disclosure data. Naver will continue data training to improve the quality of disclosure translation.

An Exchange official stated, "Through this agreement, the conditions for listed companies to prepare and submit English disclosures will improve, and the accessibility of corporate information for foreign investors will be enhanced."

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