Korea Capital Market Institute

DeepSeek (深度求索) AI and its Implications for Innovation in Financial Services [Research Fellow] Noh, Sungho The recent success of the DeepSeek (深度求索) artificial intelligence (AI) model signals a notable shift in both the competitive landscape of generative AI development and the research and development (R&D) strategies of the financial services industry. DeepSeek AI is a reasoning model, which is the most advanced version of large language models (LLMs), and has demonstrated high le... Improving Tax Treatment for Private Pensions Amid Retirement Pension Reform [Research Fellow] Hong, Wonku In Korea, contributions to retirement pensions and the associated investment returns are tax-exempt, while withdrawals of retirement income are taxed. This tax treatment also applies to public pension systems such as Korea’s National Pension scheme. In contrast, contributions to private pensions, such as personal pension plans, are subject to tax credits.

The discrep...