Mirae Asset’s Billionaire Founder Backs AI Use to Lower Investing Cost

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Mirae Asset Securities Co. and its sister companies in South Korea plan to broaden their use of artificial intelligence to improve services and lower fees, according to their founder.

“Technology has radically transformed financial services, yet investors, from individuals to pension plans, continue paying significant fees for many investment products and services,” Park Hyeon-Joo, founder and global strategy officer of Mirae Asset Financial Group, said in a speech in Seoul Wednesday.

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