SEOUL, March 15 (Korea Bizwire) – Autonomous vehicles similar to those appearing in cartoons or movies could make it to the market by 2020. Over the next five years, Hyundai-Kia Automative Group will invest more than 2 trillion won to commercialize autonomous vehicles that can make driving decisions on their own. Interest in the project is [...]
SEOUL, March 15 (Korea Bizwire) – On March 15, a joint drill against terrorism organized by the Seoul Metropolitan Police Agency was held at the Seoul Express Bus Terminal Square. Under the assumption that a hostage situation had occurred, explosive materials were present, or people were hurt, the drill consisted of rescuing hostages, and arresting [...]
SEOUL, March 15 (Korea Bizwire) – Refrigerators with the freezer on the bottom and refrigerator on top – also known as ‘European style’ – are becoming popular in the Korean market due to the increase in single or two-person households, and strong demand for premium products. According to industry analysts, sales of European-styled refrigerators manufactured [...]
SEOUL, March 15 (Korea Bizwire) – South Korean conglomerates are considering revealing their key management decisions and other information in English to better communicate with foreign investors and help with their investment decisions, industry sources said Tuesday. On Monday, the Korea Exchange (KRX) said it will ask some 170 companies listed on the country’s main bourse, [...]
SEOUL, March 15 (Korea Bizwire) – There was no mercy from the machine. Google‘s artificial intelligence (AI) program AlphaGo beat South Korean Go champ Lee Se-dol in their final Go match on Tuesday, taking the five-round Go tournament with a score of 4-1. At the fifth man-versus-computer showdown in Seoul, AlphaGo, the AI designed by Google’s London-based firm [...]
SEOUL, March 15 (Korea Bizwire) – The South Korean mega-hit TV drama “Pretty Woman” will get a Chinese version, its producer said Tuesday. Bon Factory said the Chinese remake of the popular MBC TV romantic drama, which gained great popularity last year, will be co-produced with China’s J-Walk Studio, the entertainment agency for Chinese top star [...]
SEOUL, March 15 (Korea Bizwire) – The first victory of pro Go player Lee Se-dol (33) over Google DeepMind’s AlphaGo was celebrated by internet users all over the world. According to a report by Hankyoreh, a Korean daily journal, internet users created ‘memes’, funny images accompanied with even funnier captions and parody images to celebrate the victory [...]
SEOUL, March 15 (Korea Bizwire) – Data indicates that Seoul citizens are increasingly choosing to use public transportation as part of their efforts to be environmentally conscious. According to an infographic generated by The Seoul Institute entitled ‘Seoul Citizens’ Efforts to Save the Environment’, 65.2 percent of the 431 citizens questioned picked ‘using public transportation’ as the [...]
SEOUL, March 15 (Korea Bizwire) – The average amount of debt that Koreans are declaring when applying for personal bankruptcy is getting lower and lower. The phenomenon indicates that many are having difficulties handling even low debt levels without depending on protection offered by bankruptcy. The Korea Legal Aid Corporation analyzed personal bankruptcy data between 2012 [...]
SEOUL, March 15 (Korea Bizwire) – Samsung Electronics Co.‘s latest flagship smartphone, the Galaxy S7, costs more to produce than the top handset made by its archrival, Apple Inc., data showed Tuesday. According to the data compiled by industry tracker IHS, the combined price of parts used in the 32-gigabyte Galaxy S7 is estimated at [...]