Original Article by Korean Newspaper ‘Money Today’, 5th Jun. 2023 https://news.mt.co.kr/mtview.php?no=2023060512144338238

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Doomoolmori announced on the 5th that it has unveiled an English version of its direct indexing service ‘Taylor’ and opened the service to global investors.

According to the company, users can access the global stock market through the Taylor website and utilize the direct indexing service from anywhere in the world. International payment options are also available.

Song Rak Hyeon, Vice President of Doomoolmori, stated, "Now, individual and institutional investors worldwide can experience the direct indexing investment offered by Taylor." He further added, "The differentiating factor of our direct indexing is that it provides stock portfolios from over 100 countries worldwide." He expressed his expectation that this strength will be fully demonstrated in the global market.

Doomoolmori, a company that launched the first direct indexing service in South Korea in July 2022, announced significant growth in customized strategy portfolios created by users within less than a year of its release. According to Lee Sang Won, CCO of Doomoolmori, the number of portfolios surpassed 300,000, more than doubling compared to the second half of the previous year. He stated that they are now expanding into the global direct market, which is expected to grow to a size of 1,800 trillion won by 2025.

Furthermore, Doomoolmori recently made a groundbreaking move by becoming the first domestic financial investment-related company to launch the Boolio Invest plugin service, powered by ChatGPT (Chat Generated Pre-Trained Transformer). Within just two weeks after the plugin's release, it attracted users from over 60 countries. Kim Myung Hoon, CPO of Doomoolmori, mentioned that through ChatGPT, they can now offer a seamless integration of direct indexing service "Taylor" to users worldwide who request stock analysis for their local or international portfolios. He also highlighted the significant user inflow from countries such as the United States, the United Kingdom, Israel, and Japan. Technologically, they have the capability to open up any national stock market promptly, he added. Currently, "Taylor" is available for use in six major markets, including South Korea, the United States, and China.

Chun Yung Nok, CEO of Doomoolmori, expressed their commitment to provide individualized investment solutions to a broader range of investors using technology and financial data science. He stated that their goal was to dramatically reduce the cost of becoming an investor by creating the world's best engine, and he feels they have taken the first step towards achieving that goal.

On a separate note, Doomoolmori's subsidiary, Doomoolmori Investment Advisory Co., manages advisory services with assets totaling 200 billion won. In November 2022, their strategic algorithm-operated fund, "Kiwoom Boolio Global Multi-Asset EMP," received approval and inclusion in the default option of the Ministry of Employment and Labor's retirement pension, according to the company's explanation.

English Version of Doomoolmori's Direct Indexing Service 'Taylor’