SEOUL, April 6 (Korea Bizwire) — LG Electronics Inc. said Tuesday it plans to develop cross-platform artificial intelligence (AI)-powered services with KT Corp., South Korea’s major telecom operator, to expand use of its human-like algorithm. LG and KT plan to commercialize services that support AI platforms from both companies after developing a joint interface. The [...]
DAEJEON, April 5 (Korea Bizwire) — The state-run Korea Gas Technology Corp. has been selected by the Ministry of Land, Infrastructure and Transport to lead a project on the development of infrastructure for hydrogen-based public transportation overseas. The company will build charging stations for hydrogen fuel-cell electric buses in the United Arab Emirates (UAE), which are [...]
SEOUL, April 5 (Korea Bizwire) — LG Electronics Inc. said Monday it will withdraw from the mobile business after years of money-losing performance amid intensifying competition with bigger rivals. The South Korean tech powerhouse said in a regulatory filing that its mobile communications (MC) unit will no longer produce and sell handsets after July 31, [...]
SEJONG, April 5 (Korea Bizwire) — New technology has been developed to enable three types of urban waste – household waste, food waste and sewage sludge – to be simultaneously processed and converted into energy. The real life application is pending for the new technology since demonstration testing is already complete. The Ministry of Land, [...]
SEOUL, April 5 (Korea Bizwire) – The Ministry of Justice is strengthening information sharing with related agencies to prevent smartphones registered in foreigners’ names from being used as cloned phones for crimes like voice phishing. The ministry announced that starting from this month, it will provide information regarding the departure of foreign nationals who have [...]
SEOUL, April 4 (Korea Bizwire) — Korea Aerospace Industries Co. (KAI), South Korea’s sole aircraft manufacturer, said Sunday it aims to develop its own transport and multipurpose aircraft for the military. KAI has reached a consensus with the Defense Acquisition Program Administration on the need to develop transport and multipurpose aircraft to meet domestic demand [...]
SEOUL, April 4 (Korea Bizwire) — South Korean shipbuilders clinched orders in the first quarter worth ten times more than the total orders logged for 2020, as the shipyard industry is recovering from the fallout of the pandemic, data showed Sunday. Korean shipbuilders led by Hyundai Heavy Industries Co. won new orders for 126 ships [...]
SEOUL, April 3 (Korea Bizwire) — When 5G networks were first rolled out in South Korea in April 2019, telecom operators claimed that their ultrafast mobile speeds and low latency would usher in a new era for smartphone users and even power future technologies from autonomous vehicles to virtual reality (VR) content to cloud gaming. [...]
SEOUL, April 3 (Korea Bizwire) — A new service for immigrant mothers who are struggling with the language barrier translates Korean newsletters that their children bring from school into the mother’s native tongue for free. The Happiness Foundation, a charity foundation run by South Korean energy and telecom conglomerate SK Group, said Thursday that it [...]
SEOUL, April 2 (Korea Bizwire) — Hybe, the company behind K-pop phenomenons BTS, announced Friday a deal to buy a 100 percent stake in American music entrepreneur Scooter Braun’s Ithaca Holdings. Under the deal, Hybe — formerly Big Hit Entertainment — will be acquiring the media company, which owns affiliates like SB Projects, founded by [...]