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S. Korea’s 2M Cryptocurrency App Users Leaking to Foreign Exchanges

S. Korea’s 2M Cryptocurrency App Users Leaking to Foreign Exchanges

SEOUL, Jan. 16 (Korea Bizwire) — Despite South Korea’s seven-figure userbase for cryptocurrency apps, a relatively small surge in domestic users of Hong Kong service Binance in the past week has industry watchers wondering whether local investors, increasingly hemmed in by government regulations, will begin an exodus towards foreign exchanges. According to app research firm [...]

Samsung, LG to Release New AI-based Air Conditioners This Month: Sources

Samsung, LG to Release New AI-based Air Conditioners This Month: Sources

SEOUL, Jan. 16 (Korea Bizwire) — South Korean air conditioner manufacturers will begin selling new air conditioners this month, well ahead of summer, promoting models with artificial intelligence (AI) and the Internet of Things (IoT) technology, industry sources said Tuesday. IoT is a concept in which objects are connected to the Internet and identify themselves [...]

Samsung’s Sound Laboratory Keeps Hitting the Right Notes

Samsung’s Sound Laboratory Keeps Hitting the Right Notes

LOS ANGELES, Jan. 15 (Korea Bizwire) – On the outskirts of Los Angeles sits a white, rather nondescript building that is Samsung Electronics’ Audio Lab, an R&D center dedicated to fine-tuning the South Korean tech giant’s speakers into the world’s best. Though on January 12, there were a mere 23 employees found working in the [...]

Nearly 2 Million S. Koreans Estimated to Have Used Cryptocurrency Apps

Nearly 2 Million S. Koreans Estimated to Have Used Cryptocurrency Apps

SEOUL, Jan. 15 (Korea Bizwire) – Nearly 2 million South Koreans are estimated to have used cryptocurrency applications with their smartphone in the past week, data showed Monday. A total of 1.96 million people may have used apps that allow them to handle digital currencies, such as bitcoin and ethereum, last week, up from 140,000 [...]

Researchers at SNU Develop Self-Learning Turbine Monitoring Technology

Researchers at SNU Develop Self-Learning Turbine Monitoring Technology

SEOUL, Jan. 15 (Korea Bizwire) — Researchers at Seoul National University have developed a new monitoring system for turbines at power plants, the first of its kind in the world. The research team led by professor of mechanical and aerospace engineering Yoon Byung-dong said on Monday it had developed a turbine monitoring system capable of self-learning [...]

Financial Authorities Pull Cloak of Anonymity From Cryptocurrency via ID System

Financial Authorities Pull Cloak of Anonymity From Cryptocurrency via ID System

SEOUL, Jan. 15 (Korea Bizwire) – The Financial Supervisory Service (FSC) has crafted a rewards-and-penalties system to persuade cryptocurrency investors to provide identification information prior to conducting transactions.  An individual at one of South Korea’s financial regulatory agencies said, “Since banning cryptocurrency transactions outright will take a considerable amount of time, [the FSC] will look [...]

Cube Satellites Built by University Students Launched into Outer Space

Cube Satellites Built by University Students Launched into Outer Space

SEOUL, Jan. 12 (Korea Bizwire) — With a little help from India’s space program, five South Korean satellites developed by university students have departed for the final frontier. The Ministry of Science and ICT announced that five “cube” satellites were loaded onto the Indian Space Research Organization’s Polar Satellite Launch Vehicle and launched at 9:29 [...]