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Image Recognition Technology is Reshaping How We Search for Information

Image Recognition Technology is Reshaping How We Search for Information

SEOUL, Aug. 14 (Korea Bizwire) — Advanced image recognition technology is reshaping the landscape of information search, a recent report has said. According to the report released by Digieco on trends in the mobile market, image recognition technology is increasingly being adopted by artificial intelligence services such as Google assistant and Samsung’s Bixby. In the [...]

Daewoo Shipbuilding Logs Profit for Second Straight Quarter

Daewoo Shipbuilding Logs Profit for Second Straight Quarter

SEOUL, Aug. 14 (Korea Bizwire) – Daewoo Shipbuilding & Marine Engineering Co., a troubled shipbuilder here, said Monday that it posted a profit for the second straight quarter in the second quarter, largely thanks to cost-cutting measures and increased delivery of offshore facilities. Net profit reached 1.26 trillion won (US$1.1 billion) in the April-June period, [...]

Moon Pledges Additional Support for Heroes, Independence Fighters

Moon Pledges Additional Support for Heroes, Independence Fighters

SEOUL, Aug. 14 (Korea Bizwire) – President Moon Jae-in promised Monday to expand government support for national heroes, independence fighters and their families, noting the nation and its people are permanently indebted to them for their sacrifices that allowed the freedom they enjoy now. “Each and every person here deserves respect and gratitude. Thanks to [...]

Seoul to Sanction ‘Unfriendly’ Taxi Drivers After Complaints Continue

Seoul to Sanction ‘Unfriendly’ Taxi Drivers After Complaints Continue

SEOUL, Aug. 14 (Korea Bizwire) — Seoul taxi drivers still have an attitude issue, according to the sheer number of complaints filed with the Seoul Metropolitan Government so far this year. Data released by the city government on Sunday revealed that 9,115 complaints related to taxi drivers had been filed between January and June, with unfriendly [...]

South Korean Company Unveils Robot Barista

South Korean Company Unveils Robot Barista

GIMHAE, Aug. 14 (Korea Bizwire) — A South Korean robotics company has revealed an unmanned barista that is capable of all stages of coffee making from taking orders and making coffee to serving customers, a device that some speculate could replace coffeehouse workers in the near future. The coffee-making robot, which makes coffee and serves [...]

South Korean Firms Pledge Billions for PyeongChang Winter Olympics

South Korean Firms Pledge Billions for PyeongChang Winter Olympics

SEOUL, Aug. 14 (Korea Bizwire) – Dozens of South Korean companies have pledged to sponsor more than 894 billion won (US$781 million) to the PyeongChang Winter Olympics, the PyeongChang organizing committee said Saturday. The pledge is about 5 percent shy of the committee’s goal of drawing 940 billion won and accounts for 33.6 percent of the total budget for South Korea’s first-ever Winter Olympics to be held in the country’s eastern alpine city of PyeongChang in February. Samsung Group, South Korea’s largest [...]