Woori Asset Management Rolls Out 'WISH' AI Platform Company-Wide
Woori Asset Management cut report drafting from 6 hours to 8 minutes with WISH, as Korean asset managers expand AI hiring and in-house systems.
Woori Asset Management introduced a data-and-AI platform called "WISH" across the company on October 2, according to etnews.com. The platform reduced the average time needed to write a draft analysis report from 6 hours to 8 minutes, and cut daily bond market briefings from 4 hours to 5 minutes.
The launch is part of a broader push by Korean asset management firms to expand their use of artificial intelligence through specialist hiring and in-house systems.
KB Asset Management expanded hiring for its AI Management Innovation Division this year and is building an "AI super app" that searches and analyzes data from multiple systems in one place.
Mirae Asset Global Investments added developers to its AI Investment Strategy Division this year and is using an internal AI agent platform for management, products, marketing and risk management.
Midas Asset Management recruited AI team staff until the 9th to handle automation and AI agent development across equities, bonds, alternative investments, risk management and back office.
Hanwha Asset Management held an internal AI hackathon and selected projects such as fund information integration for Proof-of-Concept application to actual work. The names and details come from a report by etnews.com.
Quick answers
What is Woori Asset Management's WISH platform?
WISH is a data-and-AI platform that Woori Asset Management introduced company-wide on October 2. It cut draft analysis report writing from an average of 6 hours to 8 minutes and daily bond market briefings from 4 hours to 5 minutes.
Which Korean asset managers are expanding AI hiring?
KB Asset Management expanded hiring for its AI Management Innovation Division, Mirae Asset Global Investments added developers to its AI Investment Strategy Division, and Midas Asset Management recruited AI team staff until the 9th.