SEOUL, Feb. 22 (Korea Bizwire) – Artificial intelligence (AI) language software by U.S. Internet giant Google Inc., scored higher than its rival AI machines in a translation battle between humans and machines held in South Korea earlier this week, industry officials said Wednesday. On Tuesday, a group of four professional translators competed against three AI-powered [...]
SEOUL, Feb. 22 (Korea Bizwire) – South Korea’s short-term foreign debt rose 0.8 percent in 2016 from a year earlier, central bank data showed Wednesday. The country’s short-term external debt, with a maturity of one year or less, totaled US$105.2 billion as of the end of 2016, up $800 million from the end of 2015, [...]
SEOUL, Feb. 22 (Korea Bizwire) – Two major South Korean web portals – Naver and Daum – have introduced artificial intelligence mechanisms that can recommend news articles to viewers. Article arrangement is a crucial part of the news editing process, and considering that Naver and Daum are two of the most popular platforms for South [...]
SEOUL, Feb. 22 (Korea Bizwire) – Recruitment season is back for young South Koreans. But two out of three major companies have either decided not to hire entry level employees or have yet to decide on their schedule for the biannual recruitment procedure – which usually takes place from the end of February to March, [...]
SEJONG, Feb. 22 (Korea Bizwire) – The Government Buildings Management Office – operating four of South Korea’s major government complexes in Sejong, Daejeon, Gwacheon, and Seoul – is officially implementing a facial recognition identification system after the success of a one-month trial. According to officials on Tuesday, the accuracy rate of the system has reached [...]
SEOUL, Feb. 22 (Korea Bizwire) – On Tuesday, the Ministry of Land, Infrastructure and Transport demonstrated its latest 3D-mapping technology that makes use of drones, at the Han River Drone Park. According to officials, the system will allow for a better response to large-scale disasters such as nuclear power plant accidents or in military conflicts, [...]
SEOUL, Feb. 22 (Korea Bizwire) – South Korea’s major conglomerates are ramping up efforts to run their sprawling business empires in a more transparent and law-abiding way following a high-profile corruption scandal that led to the impeachment of President Park Geun-hye, sources said Wednesday. Dozens of large companies, including top conglomerate Samsung Group, have been [...]
SEJONG, Feb. 22 (Korea Bizwire) – Childbirths in South Korea dropped to a record low last year despite decade-long efforts to tackle the country’s chronically low birthrate, a report showed Wednesday. The number of babies born in 2016 reached 406,300, down 7.3 percent, or 32,100, from a year earlier, according to the report by Statistics [...]
SEOUL, Feb. 22 (Korea Bizwire) – Qualcomm Inc. has filed complaints against South Korean anti-trust regulator’s decision to penalize the U.S. wireless technology giant with a fine of 1.03 trillion won (US$903 million) for violating the nation’s competition laws. The complaints were filed with the Seoul High Court on Tuesday, a day before the deadline [...]
SEOUL, Feb. 22 (Korea Bizwire) – A generation shift in the country’s imported auto market continued last year with customers in their 30s being the largest buyer group with a portion of nearly 40 percent, industry data showed Wednesday. According to the data compiled by the Korea Automobile Importers & Distributors Association (KAIDA), a total [...]