National Pension Service, LG AI Research team up on AI-based exchange rate analysis service

The National Pension Service is teaming up with LG Group to develop AI-powered services specialized for financial operations.

The National Pension Service said Friday that it signed a memorandum of understanding with LG AI Research in Magok, Seoul, to cooperate on AI technology in fund management. The agreement will combine the National Pension Service's fund management experience with LG AI Research's AI technology. The two organizations plan to jointly develop AI models and services specialized for financial operations, apply them to actual work and raise investment efficiency.

The two organizations plan to cooperate on developing and testing an AI-based exchange rate analysis service specialized for fund management, jointly researching investment-related AI technology and applying it to fund operations, and strengthening the National Pension Service's AI utilization capabilities through joint working-level councils and training programs.

As their first joint project, the two organizations will pursue the AI-based exchange rate analysis service. It will apply LG AI Research's AI technology to unstructured market information, including various macroeconomic indicators, news and research materials, to analyze exchange rate movements. The project will also test the service's practical usefulness in actual operations. Starting with the exchange rate analysis service, the National Pension Service plans to gradually identify other areas where AI can improve work efficiency.

LG AI Research has previously unveiled Exaone-BI, a financial AI agent that provides change-prediction scores and expert-level commentary for about 8,000 listed stocks in South Korea and the United States. The institute has been advancing its AI technology in the financial sector through partnerships with Koscom and the London Stock Exchange Group.

"This is a meaningful opportunity for Exaone's financial capabilities to be tested in the operations of the country's largest pension fund, and we will work together to build a model case that leads AI adoption in the public sector," said Lee Hwa-young, managing director at LG AI Research.

"Through this agreement, we will apply AI technology to actual operations and systematically verify its potential uses," said Seo Won-ju, chief investment officer of the National Pension Service. "Starting with exchange rate analysis, we will continuously identify areas for AI application, streamline investment operations to build an environment focused on fund management, and further enhance the expertise and efficiency of our fund management," Seo added.

The National Pension Fund is financed through pension premium income and investment returns. The Fund Management Headquarters invests the fund in stocks, bonds and alternative assets to professionally manage the public's retirement resources. As of the end of June, the fund's overall investment return was tentatively tallied at 27.22 percent. Returns for 2024 and the first half of 2025 stood at 9.71 percent and 4.08 percent, respectively.