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[Alpha Biz=(Chicago) Reporter Paul Lee] Naver and the Bank of Korea signed a "business agreement for digital technology cooperation in the financial and economic sectors" at the Bank of Korea in central Seoul on the 22nd, with Naver CEO Choi Soo-yeon and Bank of Korea Governor Lee Chang-yong attending.
Under the agreement, Naver and the Bank of Korea will cooperate in expanding the scope of use of AI language models to the financial and economic sectors by converging expertise, know-how and technical capabilities in various fields of IT, finance and economy.
It also plans to provide a public service that searches, summarizes, and recommends various data held by the Bank of Korea using Naver's super-large AI HyperCLOVA X.
In addition, Naver has agreed to cooperate on ways to improve productivity by incorporating advanced IT technologies such as AI, Big Data, IoT, and Cloud into the Bank of Korea's business.
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