December Fint Launches Robo-Advisory Discretionary Service with IBK Industrial Bank of Korea

December & Company, which operates 'Fint,' announced on September 4 that it will exclusively launch a retirement pension (IRP) robo-advisory discretionary service in partnership with IBK Industrial Bank of Korea.

This service is the result of a collaboration between IBK Industrial Bank of Korea, which pursues stable performance based on its identity as a state-owned bank, and December & Company, which possesses long-term asset management expertise. IBK Industrial Bank of Korea’s international credit rating is at the AA level, the same as the South Korean government, with Moody’s assigning an 'Aa2' rating and S&P and Fitch both assigning 'AA-'. The bank is considered a suitable provider for the stable management of retirement pensions, which have become an efficient asset management tool by offering both retirement preparation and tax-saving benefits.

This service can be accessed through IBK Industrial Bank of Korea’s mobile application, 'i-ONE Bank.' Fint’s AI investment engine, 'ISAAC,' analyzes each individual’s investment tendencies, expected returns, risk preferences, and retirement timing to suggest the optimal asset allocation strategy. It is designed to secure long-term stability through diversified investments in global stocks and bonds, while also reflecting the investment style preferred by each user.

December & Company was the first in South Korea to launch a robo-advisory service based on asset allocation strategies in 2019. The company also pioneered the industry’s first discretionary investment service for individual retirement pension savings, leading the growth of the robo-advisory (RA) market.

Song Inseong, CEO of December & Company, stated, "We are introducing a retirement pension robo-advisory discretionary service together with IBK Industrial Bank of Korea, which has received a credit rating equivalent to the national credit rating, taking into account the characteristics of retirement pension subscribers who prioritize investment stability." He added, "By leveraging December’s expertise in operating asset allocation algorithms that excel in long-term investment, we will maximize value for investors."

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