Waiker, a South Korean startup specializing in AI-driven financial news solutions, is now supplying an AI journalist solution to Chosun Ilbo, the largest media company in South Korea, focusing on various disclosures of US companies.

The newspaper company has collaborated with a startup for the first time since its establishment in 1920, launching ‘Seohakgaemi-Bot’. This name references Korean mom-and-pop investors who actively invest in the US stock market. Through this collaboration, users of both Waiker and Chosun Ilbo now have immediate access to AI-powered global stock market content that enables more informed, smart, and timely decisions.

Acquiring US stock information has been challenging for Korean investors for several reasons. First, English-language documents present significant barriers to Korean investors interpreting necessary content. Additionally, US listed companies’ disclosures lack standardization, unlike Korean listed companies, making interpretation difficult due to varying document structures.

Waiker addresses these challenges by extracting and summarizing key information from disclosures using AI natural language processing and machine comprehension technology. This entire process takes an average of just 8 seconds, crucial in the fast-paced stock market where time and information equate to money.

Chosun Ilbo will receive various types of articles from Waiker, including quarterly earnings releases, changes in beneficial ownership, real-time price fluctuations, real-time 52-week high/low stocks, major ETFs, portfolio of investment gurus, daily market briefs, top stocks purchased by Koreans, and more.

The value of Waiker’s product is evident in the context of US stock market capitalization. The US market, with approximately $52.26 trillion in market capitalization, accounts for about 62% of global market capitalization—roughly 22 times larger than the Korean stock market’s $2.42 trillion. The world’s top companies by market capitalization are dominated by US companies, with GAFAM (Google, Apple, Facebook, Amazon, Microsoft) all exceeding $1 trillion and occupying ranks 1 to 6. Samsung Electronics, Korea’s highest-valued company, ranks 14th globally at approximately $442 billion.

The US stock market attracts both corporate and individual investors due to its high liquidity. Investing in US stocks provides the added benefit of holding dollar-denominated assets, naturally enhancing investor asset value. Since January 1, 2019, the S&P 500 index has risen by 90.1%, while the KOSPI index has increased by 46.61%, highlighting the US market’s substantial growth potential.

Through Chosun Ilbo’s Seohakgaemi-Bot, Waiker now provides readers with the world’s fastest and most accurate market data and information. The company plans to expand its stock market coverage and accelerate the supply of domestic and international stock market data and content to financial institutions, media companies, and other customers seeking such information.