Woori Bank Launches Robo-Advisor Discretionary Service for AI-Managed Retirement Pensions
AI-Customized Portfolios Tailored to Investment Preferences
Choice of ETF and Fund Algorithms Available
A New Approach to Managing Individual IRP Contributions
Evolving into an Innovative Financial Service for Enhanced Yields
On November 14, Woori Bank announced that it will launch the "Robo-Advisor Discretionary Service" as part of the "Innovative Financial Service for Enhancing Retirement Pension Yields" project designated by the Financial Services Commission.
This new service is being introduced in partnership with AI-based investment management specialists AI Quant Tech and Quantit Investment Advisory. As of November 10, the aggressive investment portfolio managed by AI Quant Tech has demonstrated strong performance, recording an annual yield of 41.66%. Quantit Investment Advisory plans to offer its services at one of the lowest fee levels in the industry.
The algorithm in use is a verified system that has passed both operational and system reviews by Koscom, the capital market IT infrastructure operator. The AI automatically performs market data analysis, portfolio rebalancing, and risk management, thereby ensuring transparency and stability in operations.
Woori Bank’s retirement pension customers can easily sign a discretionary contract linked to their individual IRP account through the Woori WON Banking app. The AI algorithm automatically constructs a portfolio tailored to the customer’s investment preferences and conducts rebalancing according to market conditions. Notably, customers can receive pension payments while maintaining the discretionary contract, allowing for continuity in asset management even after retirement.
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A Woori Bank representative stated, "This service is a digital-based innovative financial model designed to help customers manage their assets easily and securely," and added, "We will continue to develop it to further enhance retirement pension yields."
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