Korea Eximbank to Streamline Credit Evaluation with Generative AI...Overhauling Entire Work System
Building an AI-Based Intelligent Workspace
System Design to Begin This Month
Automating Corporate Finance Document Review and One-Stop Overseas Investment Reporting
Applying AI Assistants, Conversational Search, and Automated Meeting Minutes to Internal Operations
The Export-Import Bank of Korea is set to enhance work efficiency by applying generative artificial intelligence (AI) to key tasks such as credit evaluation, corporate finance document review, and overseas investment reporting.
On July 9, the bank announced that it has completed the selection of the final contractor for the "AI-Based Intelligent Workspace" development project and will begin system design within this month. The goal of this project is to apply AI technologies across the entire work environment, enabling employees to focus on core tasks such as business development, customer consultations, credit evaluation, and credit rating.
As a first step, the bank will build an "AI Credit Evaluation System" that analyzes vast customer data and internally accumulated information to streamline the loan review process. It also plans to introduce a "Corporate Finance AI Document Review" solution that automates the examination and verification of documents submitted by companies, thereby reducing assessment wait times. For overseas investment reporting, a conversational AI guide will be implemented. The bank aims to enhance convenience in the overseas investment reporting process by establishing a "Smart One-Stop Reporting System," allowing companies to check procedures and submit required documents according to AI guidance.
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Internal work processes will also be reorganized around AI. Key features to be introduced include an AI-powered assistant for analyzing work patterns, a natural language-based conversational search tool, automatic meeting minutes generation, and document draft creation, all within collaborative workspaces for interdepartmental teams. This project reflects the commitment to work innovation consistently emphasized by President Hwang Ki-Yeon of the bank. President Hwang has repeatedly stressed, "We must boldly eliminate unproductive procedures that have been blindly followed and focus on the essence of our work." The bank is also expanding financial support for the AI industry. It has designated AI as a future strategic industry and launched the "AX Special Program," which will provide 22 trillion won over the next five years to support Korean companies' AI transformation and strengthen their global competitiveness.
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