Banks seeking to foster start-ups.
Qraft has developed Hana Bank's asset management service HAI Robo which combines sophisticated AI algorithms and the convenience of online. In the first 9 months of launch, the service has surpassed 40,000 subscribers and AUM has reached $500m. Qraft has become a major player in the Robo advisor market and this is the key example of fostering and joint venture through Hana Bank's '1Q Agile Lab'. In addition, other domestic banks have also launched a start-up accelerating program and are working to promptly respond to a rapidly changing financial environment by building strong partnerships and business models for mutual growth.