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

Smart Rescue Drones to Protect Survivors of Sea Accidents

Smart Rescue Drones to Protect Survivors of Sea Accidents

SEOUL, Aug. 16 (Korea Bizwire) — Rescue drones developed by a South Korean university research team have successfully passed on-site tests. Researchers from the Korea Aerospace University conducted an on-site drone test at Jumunjin Beach in Gangwon Province, which turned out to be successful. The rescue drones are designed to reach the survivors of an [...]

Gov’t Mulls Imposing Tax on YouTube

Gov’t Mulls Imposing Tax on YouTube

SEOUL, Aug. 16 (Korea Bizwire) — The government has begun full-fledged discussions on levying taxes and funds for online video services, a so-called “YouTube tax.” The Ministry of Science and ICT recently asked the Korea Legislation Research Institute, a government-funded research institute, to carry out research projects on overseas trends of digital taxes, including YouTube [...]

Samsung’s Q2 NAND Market Share, Revenue Up Despite Industry Slump

Samsung’s Q2 NAND Market Share, Revenue Up Despite Industry Slump

SEOUL, Aug. 16 (Korea Bizwire) — Samsung Electronics Co.’s share in the global NAND flash market and its revenue increased in the second quarter from a quarter ago thanks to demand recovery in some key products, an industry report said Friday. Samsung’s NAND shipments grew by 30 percent in the April-June period on the back [...]

S. Korean Researchers Develop World’s First Biodegradable Stent

S. Korean Researchers Develop World’s First Biodegradable Stent

DAEJEON, Aug. 14 (Korea Bizwire) — A South Korean research team has developed a new biodegradable stent that naturally dissolves within the human body. It is composed of a unique material which became the world’s first to pass a pre-clinical trial. The Korea Institute of Machinery and Materials in Daejeon announced on Tuesday that its [...]

Samsung Bolsters 5G Push with Integrated Chipset Launch This Year

Samsung Bolsters 5G Push with Integrated Chipset Launch This Year

SEOUL, Aug. 13 (Korea Bizwire) — Samsung Electronics Co. plans to launch an integrated 5G chipset later this year to power upcoming 5G smartphones while decreasing size and power consumption, industry officials said Tuesday. Samsung, the world’s largest chip and smartphone maker, has been working on a mobile processor with a 5G modem built inside, [...]

S. Korean YouTubers Masquerade as Detectives

S. Korean YouTubers Masquerade as Detectives

SEOUL, Aug. 12 (Korea Bizwire) — A new phenomenon in South Korea is attracting much attention as YouTubers who broadcast live on the Internet often discover crime scenes or help arrest suspects. Some even say that YouTubers act as quasi-police officers or private detectives when law enforcement agencies are not on the ball. YouTuber ‘KKongji’ [...]

Robo-Advisors’ One-Year Return Rate Surpasses Benchmark Stock

Robo-Advisors’ One-Year Return Rate Surpasses Benchmark Stock

SEOUL, Aug. 9 (Korea Bizwire) — Despite this year’s bear market, robo-advisors (RA) have achieved a return rate that surpassed benchmarks in comparison. Robo-advisors, a combination of the words ‘robot’ and ‘advisor,’ automate the distribution of investment assets through computer algorithms. According to Koscom Corp., South Korea’s technology developer for brokerage houses, the rate of [...]