SEOUL, Aug. 24 (Korea Bizwire) — South Korea’s household income fell 0.8 percent on-year in the second quarter of 2023 due to the drop in COVID-19-related subsidies and other state support, and the narrowed income gap between the haves and have-nots, data showed Thursday. The country’s households earned an average of 4.79 million won (US$3,613) [...]
SEOUL, Aug. 24 (Korea Bizwire) — Samsung Electronics Co. said Thursday it will unveil a new, integrated food platform, which provides consumers with personalized cooking experiences, at IFA 2023 next month. The platform, Samsung said, is designed to make meal preparations easier and faster by offering about 160,000 recipes, tips for a healthy diet, what [...]
SEOUL, Aug. 24 (Korea Bizwire) – South Korean tech giant Naver Corp. on Thursday unveiled an upgraded version of its hyperscale artificial intelligence model HyperCLOVA X and its conversational chatbot service tailored for the Korean language. It is Naver’s weapon of choice to win the ongoing global battle for linguistic AI that has intensified since [...]
SEOUL, Aug. 24 (Korea Bizwire) — South Korean builder POSCO E&C Co. said Thursday it has signed an initial agreement with Norway’s state energy firm Equinor on cooperation in a massive floating wind farm project off the southeastern port of Ulsan. The memorandum of understanding (MOU) calls for bilateral collaboration in the construction and development [...]
SEOUL, Aug. 24 (Korea Bizwire) — South Korea and the United States were staging combined urban combat training this week to strengthen their interoperability, Seoul’s Army said Thursday, as part of major joint military drills between the allies this month. The five-day Army exercise kicked off at an urban operations training ground in Paju, 37 [...]
SEOUL, Aug. 24 (Korea Bizwire) — The impending release of contaminated water from the Fukushima Daiichi nuclear power plant by the Japanese government has stirred significant distress among citizens and instilled a prevailing sense of crisis among business owners in South Korea. Many are openly expressing feelings of helplessness in light of this situation. This [...]
SEOUL, Aug. 24 (Korea Bizwire) — South Korean shipbuilders are bolstering their research and development (R&D) investments to secure a larger stake in upcoming markets, such as environmentally friendly vessels and autonomous ships. According to industry data, the three leading shipyards of the country invested 125.6 billion won (US$94.6 million) in R&D during the first [...]
SEOUL, Aug. 24 (Korea Bizwire) — The Korea Advanced Institute of Science and Technology (KAIST) said Wednesday that its research team has developed a holographic camera capable of acquiring 3D information by integrating a mask with existing cameras. Holography involves generating 3D information by exploiting the interference phenomenon arising from the intersection of waves emitted [...]
SEOUL, Aug. 24 (Korea Bizwire) — Kia Corp., South Korea’s second-biggest carmaker by sales, said Wednesday that its global corporate social responsibility (CSR) program, the Green Light Project, has established new foundations in Zimbabwe and Mozambique, Africa, with the intention of providing support to local communities. The company held a recent completion ceremony for its [...]
SEOUL, Aug. 24 (Korea Bizwire) — SK Telecom Co., South Korea’s top wireless carrier, said Wednesday it will unveil a strategy involving the integration of its large language model (LLM) with models from its partner companies. The company aims to offer industry-specific LLMs that enable the unique features and advantages of LLMs to be realized [...]