# Korea Insurance Institute's AI joint venture draws industry scrutiny > Source: > Published: 2026-08-12 06:12:04+00:00 An artificial intelligence (AI) joint venture pushed by the Korea Insurance Institute has drawn criticism from insurance industry officials, with questions raised over its legality and business rationale, according to officials, Wednesday. Since Ha Tae-keung, the former lawmaker, took over as president in 2024, the institute has developed three AI-based education tools: a sales coach for training insurance agents, a system that generates questions for insurance qualification exams and an AI-powered learning experience platform. The institute said that all questions on an insurance qualification exam held on Wednesday were generated by the AI system it developed. It initially sought to establish a subsidiary to commercialize the technology, but the Financial Services Commission (FSC) did not approve amendments to its articles of association that would have provided a legal basis for the new entity and its investment. Ha subsequently shifted to a joint venture model. The proposed venture would have 2.5 billion won ($1.77 million) in capital, with the institute and Taiwan-based WisdomGarden