Hanwha Investment & Securities Establishes South Korean Financial Investment Industry’s First Subsidiary for Analyzing Big Data

Jul 03, 2018

Hanwha Investment & Securities established financial investment industry’s first subsidiary that specializes in analysis of Big Data.
Hanwha Investment & Securities held an opening ceremony of Data Analytics Lab, which is its subsidiary specializing in analysis of Big Data.
Data Analytics Lab was established after Hanwha Investment & Securities invested $8.92 million (10 billion KRW). This is the first time when a financial investment business established a subsidiary just for analysis of Big Data.

Representatives from Hanwha Investment & Securities and Data Analytics Lab such as CEO Kwon Hee-baek of Hanwha Investment & Securities (fifth from the left) and Director Jang Seok-ho of Data Analytics Lab (sixth from the left) are having an opening ceremony of Data Analytics Lab.  <Representatives from Hanwha Investment & Securities and Data Analytics Lab such as CEO Kwon Hee-baek of Hanwha Investment & Securities (fifth from the left) and Director Jang Seok-ho of Data Analytics Lab (sixth from the left) are having an opening ceremony of Data Analytics Lab. >

Its major focus will be consulting on Big Data, enhancement of non-face-to-face channels through analysis and utilization of Big Data, and offering of differentiated and personalized contents and investment information.
Hanwha Investment & Securities hired former Meister Jang Seok-ho of BC Card, who is an expert and has many experiences in Big Data, as the first director of Data Analytics Lab to lead Smart Finance industry. Its goal is to create synergy through strategic partnership, cooperation with startups, and academic-industrial cooperation by hiring additional personnel specializing in analysis of Big Data and AI (Artificial Intelligence).
“We are planning to strengthen our competitive edge in digital finance through Data Analytics Lab.” said CEO Kwon Hee-baek of Hanwha Investment & Securities. “We will be able to provide differentiated digital experiences and customer values to our customers in the future.”
Staff Reporter Ryu, Geunil | ryuryu@etnews.com

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