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The latest technology news coverage. We bring you the latest information on what is happening in Korea today.

Disappointing R&D Spending in Korean Connected Car Industry

Disappointing R&D Spending in Korean Connected Car Industry

SEOUL, Feb. 20 (Korea Bizwire) – A study by the Institute for Information & Communications Technology Promotion revealed Monday that 51 connected car companies in Korea spend a disappointing average of 980 million won ($854,148) on research and development each year.  The figure is 2.7 percent of average sales revenue estimated at 36.37 billion won, [...]

Korean ICT Firms to Show Off New Technology at PyeongChang 2018

Korean ICT Firms to Show Off New Technology at PyeongChang 2018

GANGNEUNG, South Korea, Feb. 20 (Korea Bizwire) – With less than a year left before the PyeongChang 2018 Winter Olympics, officials have unveiled a handful of cutting-edge ICT (information and communications technology) innovations that will be implemented at the games.  KT Corp. the official telecommunications partner for the Olympic games, introduced an augmented reality navigation [...]

Naver Launches AI Platform that Recommends News Articles

Naver Launches AI Platform that Recommends News Articles

SEOUL, Feb. 17 (Korea Bizwire) – Naver, South Korea’s leading web portal, said Friday that it is launching a beta service for AIRS (AI Recommender System), the company’s up and coming AI system that will now recommend news articles based on one’s web content consumption patterns, time spent, and personal interests.  The company said that [...]

Man and Machine Square Off in Language Translation

Man and Machine Square Off in Language Translation

SEOUL, Feb. 17 (Korea Bizwire) – A man versus AI match in language translation will take place in Seoul on February 21, hosted by the International Interpretation & Translation Association, Sejong University, and Sejong Cyber University.  The contest will run for 50 minutes, and its participants include a professional human translator, Systran translator, Google translator, [...]

S. Korea to Deregulate AI, VR, Fintech Sectors

S. Korea to Deregulate AI, VR, Fintech Sectors

SEOUL, Feb. 16 (Korea Bizwire) – South Korea announced plans Thursday to ease regulations on three industries — artificial intelligence (AI), virtual reality (VR) and financial technology, or fintech — as part of the government’s aggressive deregulation drive to find a new growth engine.  The Ministry of Science, ICT and Future Planning reported a set [...]

Chinese Smartphone Makers Seek High-End Market

Chinese Smartphone Makers Seek High-End Market

SEJONG, Feb. 16 (Korea Bizwire) – Chinese smartphone makers have been rolling out pricey models to play catch up with Apple Inc. and Samsung Electronics Co., which dominate the high-end smartphone market in the country, a Seoul trade body said Thursday.  According to the Shanghai office of the Korea Trade-Investment Promotion Agency (KOTRA), Chinese smartphone [...]

New Laser Technology to Prevent Counterfeit Crimes

New Laser Technology to Prevent Counterfeit Crimes

SEOUL, Feb. 15 (Korea Bizwire) – The Korea Institute of Machinery & Materials announced Wednesday that researchers have developed a new engraving technology, using lasers, to prevent counterfeit crimes of expensive goods such as high-end watches or gold.  According to senior researcher Noh Ji-whan, by overlapping two separate laser beams, the team was able to [...]

Businesses Turn to IT Services to Cut Costs

Businesses Turn to IT Services to Cut Costs

SEOUL, Feb. 15 (Korea Bizwire) – IT solutions and services have become a popular go-to for Korean businesses struggling with stagnant growth, allowing them to cut operating costs while boosting productivity. Fuji Xerox Korea is one of the companies that offers such services. The company’s IT solutions focus on integrating multi-function devices with cloud computing, [...]