Bank of Korea becomes first central bank to deploy in-house AI
The Bank of Korea and internet giant Naver on Wednesday unveiled an artificial intelligence model built exclusively for the central bank, marking what officials described as the first deployment of an in-house AI model by a central bank anywhere in the world, The Korea Herald reports.
Bank of Korea becomes first central bank to deploy in-house AI
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Bank of Korea becomes first central bank to deploy in-house AI

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Eurasia/The Korea Herald 21/01/2026 22:15

The Bank of Korea and internet giant Naver on Wednesday unveiled an artificial intelligence model built exclusively for the central bank, marking what officials described as the first deployment of an in-house AI model by a central bank anywhere in the world, The Korea Herald reports.

The system, dubbed Bank of Korea Intelligence, or Boki, operates entirely on the central bank’s internal on-premise network, distinguishing it from cloud-based or externally hosted AI tools used by other monetary authorities, according to The Korea Herald.

“As one of the few countries capable of developing its own AI models, alongside the US and China, Korea places strong policy importance on fostering an ecosystem that supports the sustainable growth of its AI industry,” BOK Gov. Rhee Chang-yong said at a joint conference at the central bank’s headquarters in Seoul.

The homegrown platform represents a form of sovereign AI that strengthens Korea’s technological autonomy and control over sensitive financial data, the BOK explained.

“In this regard, the BOK’s collaboration with domestic tech firm Naver is expected to serve as a catalyst for strengthening the nation’s AI industry through public-private cooperation,” Rhee added.

Boki offers five core functions: research assistance, compliance support, document analysis, data analytics and translation of publications.

#South Korea #AI
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