DAEJEON, March 23 (Korea Bizwire) — South Korea is positioned in the third spot after the U.S. and China in the area of patent applications for artificial intelligence (AI) semiconductors, a report from the country’s patent office showed Tuesday. According to an analysis conducted by the Korea Intellectual Property Office along with the Center for [...]
SEOUL, March 22 (Korea Bizwire) — South Korea on Tuesday held a ceremony launching a new 2,800-ton frigate with enhanced anti-submarine capabilities, the state arms procurement agency said. The ceremony for the Chuncheon took place at the shipyard of Hyundai Heavy Industries Co. in Ulsan, some 410 kilometers southeast of Seoul, according to the Defense [...]
SEOUL, March 22 (Korea Bizwire) — The government decided to increase the capacity of public crematoriums across the country to cope with the rising death toll from the COVID-19 pandemic, officials said Tuesday. The Central Disaster and Safety Countermeasures Headquarters announced daily furnace operations at all 60 public crematoriums nationwide will grow to seven times [...]
SEOUL, March 22 (Korea Bizwire) — Kakao Mobility Corp., South Korea’s leading taxi-hailing firm, has formulated a plan to launch an advertising service for taxi passengers and share the profits with taxis affiliated with the firm by the end of this year. The company said Monday that it will install Rear Seat Entertainment (RSE) systems [...]
SEOUL, March 21 (Korea Bizwire) — Disputes over Muslim facilities are spreading across the country. Last week, civic groups held a press conference in the border county of Yeoncheon to protest against the construction of a Muslim campground in a “strategic location near the military demarcation line.” The civic groups responded to recent reports that [...]
SEOUL, March 20 (Korea Bizwire) — The Supreme Court has ordered tax authorities to refund Samsung Electronics Co. 11.3 billion won (US$9.3 million) in undue corporate taxes from a former patent deal with U.S. software giant Microsoft Corp., court officials said Sunday. Samsung filed the complaint against local tax officials, who purported that the South [...]
SEOUL, March 18 (Korea Bizwire) — Samsung Electronics Co. said Friday it has launched its first high-end TVs with the next-generation display technology QD-OLED in the North American and European markets. The South Korean tech giant said it has started to take preorders for 65- and 55-inch 4K QD-OLED TVs, which use self-emitting quantum-dot (QD) [...]
SEOUL, March 18 (Korea Bizwire) — South Korea’s major shipbuilders are introducing robots to overcome a lack of manpower. Samsung Heavy Industries Co. recently introduced robots at its shipyard in Geoje Island to cut steel materials and weld them into blocks. During the sub-block assembly, a human employee works with the so-called ‘collaboration robots’, instead [...]
SEOUL, March 18 (Korea Bizwire) — With a daily number of COVID-19 infections exceeding 600,000, the fear of the pandemic has grown ever higher. However, an increasing number of people are choosing not to get tested at all as many can’t afford to stop working. “Delivery riders are staying away from getting tested. Even if [...]
SEOUL, March 18 (Korea Bizwire) — Electric vehicle (EV) drivers are increasingly concerned that the lack of liability insurance at charging stations may prevent them from receiving any compensation in case of a fire or explosion. There were 112 EV charging stations in South Korea as of June last year, with approximately 104,000 charging stands. [...]