The National Pension Service's Asset Management Headquarters announced on the 18th that it has opened an "overseas investment integration system" that can simultaneously handle order and portfolio management tasks scattered across various asset classes, including foreign stocks and foreign bonds.
The biggest feature of the overseas investment integration system is that it has centralized overseas asset ordering and portfolio management. Until now, the order systems differed by asset, but the National Pension Service explained that it has integrated major functions that were scattered to enhance operational efficiency.
Another characteristic of this system is that it has created the same operational environment for domestic headquarters and overseas offices through a cloud-based dedicated overseas investment network. Previously, overseas offices had to bypass the domestic server due to security issues when investing. This resulted in slower speeds and various constraints. With the installation of this dedicated overseas investment network, accessibility has improved, allowing for quick decision-making at overseas offices, just like in the domestic setting.
The National Pension Service also noted that it has enhanced work efficiency and focus by incorporating artificial intelligence (AI) technology into its fund system to better anticipate the rapid movements of the financial market. The AI automatically summarizes and translates reports from securities firms and quickly provides various market data.
Risk management has also been strengthened. The National Pension Service stated that it has systematized early warning monitoring for countries and corporations by utilizing unstructured data such as sentiment indices based on text from news and social networking services (SNS), in addition to structured data based on figures.
State Street Bank (SSBT), the custodian bank for the National Pension Service, and Bank of New York Mellon (BNY) performed interface-related roles, including market data and transaction information. BlackRock also played a role in introducing and stabilizing the global financial platform Aladdin into the fund system. The National Pension Service stated that since the operational system for global investments has been completed, it will continue to collaborate with these institutions.
Kim Tae-hyun, chairman of the National Pension Service, said, "We have laid the groundwork for more efficient and stable management of the public's retirement assets," and remarked that "we will contribute to improving revenue by dramatically enhancing the overseas investment management environment to meet global standards through constant change and innovation in the AI digital revolution."