British trade minister visits LG ahead of AI service launch with London exchange

SEOUL, Sept. 1 (Yonhap) -- Britain's Trade Minister Douglas Alexander paid a rare visit to an artificial intelligence (AI) research center of LG Group on Monday as the South Korean company prepares to launch a new financial service with the London exchange.

Alexander visited the AI research center in western Seoul with officials from London Stock Exchange Group (LSEG), the South Korean conglomerate said in a release.

The group said the visit came amid the ongoing collaboration between LG AI Research and LSEG to develop a financial AI forecasting service that "utilizes LSEG's vast financial data to support business decision-making."

"Trust is a cornerstone of financial markets, and our collaboration with LG AI Research is built on this principle," LSEG said in a statement released by LG Group.

"By combining LG's AI expertise with LSEG's reliable data and distribution network, we will help our customers make business decisions with more trustworthy insights," the British bourse operator added.

LG and LSEG plan to hold an official launching ceremony for the AI-based forecasting service in London later this month

"By integrating LG's cutting-edge forecasting and agent AI technologies into the financial market, we will create new customer value within the global financial ecosystem," said Lim Woo-hyung, who heads LG's AI research team.

colin@yna.co.kr
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