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Daily Money Transfers via Mobile Payment Apps Exceed 200 bln Won in H1

Daily Money Transfers via Mobile Payment Apps Exceed 200 bln Won in H1

SEOUL, Oct. 17 (Korea Bizwire) — The value of daily money transfers via mobile payment apps in South Korea surpassed 200 billion won (US$168.6 million) in the first half of the year, central bank data showed Thursday, as more people used smartphones for financial services. The value of daily money transfers via smartphone apps, such [...]

S. Korea to Streamline Drone-related Rules to Bolster Economy, Create Jobs

S. Korea to Streamline Drone-related Rules to Bolster Economy, Create Jobs

SEOUL, Oct. 17 (Korea Bizwire) — South Korea said Thursday that it will streamline regulations on drones in the latest move to boost the fledgling industry and create more jobs. The road map calls for 35 revisions to existing rules and the modifying of guidelines to stimulate growth in the drone industry while enhancing public [...]

Hanwha Q Cells to Use AI-based Production System

Hanwha Q Cells to Use AI-based Production System

JINCHEON, Oct. 17 (Korea Bizwire) — South Korea’s leading solar cells and modules manufacturer, Hanwha Q Cells, has said it plans to begin using an artificial intelligence-based production system around 2021 to beef up its competitiveness in the photovoltaic market. Hanwha Q Cells said its plant in Jincheon is set to use self-learning software to [...]

Cases of Website Defacement Up in 2019

Cases of Website Defacement Up in 2019

SEOUL, Oct. 16 (Korea Bizwire) — The number of website defacements in South Korea has increased in 2019 from a year earlier, an opposition lawmaker said Wednesday. Rep. Shin Yong-hyeon of the minor opposition Bareunmirae Party said webpage-related hackings, including the stealing of confidential information and injection of malicious code, numbered 501 cases as of [...]

S. Korea Develops Virtual Platform for Shopping, Games, and Communication

S. Korea Develops Virtual Platform for Shopping, Games, and Communication

DAEJEON, Oct. 16 (Korea Bizwire) — Experts are expecting that a world of virtual reality (VR), similar to what was seen in the 2018 Hollywood blockbuster “Ready Player One” where people meet in a virtual world to play games and go on shopping, will soon become a reality. The Center of Human-Centered Interaction for Coexistence [...]

S. Korean Researchers Reveal Domestic Alternative to Japanese Eco-friendly Plastic Manufacturing Technology

S. Korean Researchers Reveal Domestic Alternative to Japanese Eco-friendly Plastic Manufacturing Technology

DAEJEON, Oct. 16 (Korea Bizwire) — South Korea has succeeded in developing eco-friendly plastic manufacturing technology that was previously monopolized by Japan. The Korea Research Institute of Chemical Technology (KRICT) said Tuesday its own research team has created high-functioning bio-polycarbonate using plant-based ingredients, isosorbide and nano cellulose. Bio-polycarbonate is a material that can replace polycarbonate. [...]

LG Launches V50S ThinQ in S. Korea

LG Launches V50S ThinQ in S. Korea

SEOUL, Oct. 11 (Korea Bizwire) — LG Electronics Co. on Friday began selling its flagship smartphone in South Korea to help revive its fortunes following a yearslong slump. LG Electronics said it will provide an accompanying second-screen accessory for free to buyers of the V50S ThinQ, which comes only in “aurora black.” The second-screen accessory [...]