Seoul: The Bank of Korea (BOK) unveiled its new in-house artificial intelligence (AI) application, developed in collaboration with internet giant Naver Corp., designed for use in internal data analytics and research. This announcement was made during a joint AI conference held in Seoul.

According to Yonhap News Agency, the AI application, named BOKI (Bank Of Korea Intelligence), focuses on finance and economics. Built on Naver's cloud infrastructure and large language model (LLM), the system is now operational within the BOK's internal network, accessible to employees.

The proprietary AI system is organized around five core functions that align with the central bank's primary duties. These functions include responding to user queries, summarizing and analyzing documents from a wide array of research materials, and translating official publications into foreign languages.

Since 2020, the BOK has been pursuing digital technologies to boost research capabilities and establish a data governance framework. The full-scale development of BOKI commenced in 2024. "BOKI represents a model case of sovereign AI developed through public-private cooperation," a BOK official stated, highlighting the system's potential to improve operational efficiency and contribute to the national AI ecosystem.