Hanwha Financial 3 Companies Open AI Center in San Francisco, USA

Hanwha Life Insurance, Hanwha General Insurance, and Hanwha Asset Management, three financial affiliates of Hanwha (hereinafter Hanwha Financial), announced on the 9th that they held the opening ceremony of the 'Hanwha Artificial Intelligence (AI) Center (Hanwha AI Center·HAC)' in San Francisco, USA, on the 3rd (local time).

The opening ceremony was attended by key figures from Hanwha Financial, including Yeo Seung-joo, Vice Chairman and CEO of Hanwha Life Insurance, Na Chae-beom, CEO of Hanwha General Insurance, and Kim Jong-ho, CEO of Hanwha Asset Management. Also present were world-renowned AI expert Professor Andrew Ng, who is scheduled to collaborate with the Hanwha AI Center, and Professor James Landay, director of Stanford University's HAI (Human-Centered AI), which has an industry-academic cooperation agreement with Hanwha Life Insurance AI Research Institute.

Hanwha Life Insurance, Hanwha General Insurance, and Hanwha Asset Management, the three Hanwha financial companies, held the opening ceremony of the 'Hanwha AI Center (HAC)' on the 3rd (local time) in San Francisco, USA. Kim Raeyoon, Head of Hanwha AI Center (from left), Yeo Seungjoo, Vice Chairman and CEO of Hanwha Life Insurance, Na Chaebum, CEO of Hanwha General Insurance, and Kim Jongho, CEO of Hanwha Asset Management, attended the opening ceremony and took a commemorative photo with the plaque. Photo by Hanwha Life Insurance

Yeo Seung-joo, CEO of Hanwha Life Insurance, said, “The Hanwha AI Center embodies the vision of drawing a blueprint for the future economy and financial services,” adding, “We will contribute to the sustainable development of Korea’s financial industry through active cooperation with local networks at the heart of the global AI ecosystem.”

Following this, Kim Rae-yoon, head of the Hanwha AI Center, Kim Il-gu, head of Hanwha Life Insurance AI Research Institute, and Kim Jun-seok, director of Hanwha Life Insurance AI Division, each gave presentations on Hanwha Financial’s AI achievements and future plans, followed by a plaque unveiling ceremony and office tour.

Hanwha Financial plans for the Hanwha AI Center to closely collaborate with the local ecosystem in San Francisco, the center of the AI industry. Ultimately, it aims to enhance the overall competitiveness of Hanwha Financial.

The Hanwha AI Center plans to actively engage in AI research while networking and collaborating with leading local universities, AI startups, and investment firms. Through this, it intends to contribute to ▲developing advanced future financial products ▲securing proactive investment opportunities ▲promoting open innovation and new business initiatives, thereby advancing innovative AI technologies. The center will also play a role as an opinion leader by presenting social consensus and ethical discourse on the role of finance in the AI era and contributing to the sustainable development of humanity.

Kim Rae-yoon, head of the Hanwha AI Center, presented a blueprint for the center’s development direction and activity plans. He explained, “If the Hanwha Life Insurance AI Research Institute studies the impact of AI on finance and society at large, and the AI Division develops and applies actual innovative technologies, the Hanwha AI Center will serve as a global hub in the AI field, playing a key role in securing Hanwha Financial’s AI leadership.”

Kim Il-gu, head of Hanwha Life Insurance AI Research Institute, suggested that the AI Research Institute could evolve into an AI Economic Research Institute by integrating various AI technologies. He stated, “We are analyzing the impact of AI technology on society as a whole, researching ways to integrate it with finance, and preparing strategic measures to secure the competitiveness of the future insurance industry.”

Kim Jun-seok, director of Hanwha Life Insurance AI Division, said, “Although AI technology continues to advance, the essence of finance will not change,” adding, “We will combine the intelligence provided by AI with the essence of finance to create innovative customer experiences.”

Meanwhile, Hanwha Life Insurance is strengthening its AI capabilities across various business areas to leap forward as a global comprehensive financial group. It has invested in AI research for over 10 years since 2014 and has been filing AI-related patents annually since 2020.

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