Big Data Archives | Be Korea-savvy

Archive by category Big Data

South Korean Government Plans to Establish 30,000 Smart Factories by 2025

South Korean Government Plans to Establish 30,000 Smart Factories by 2025

SEOUL, Apr. 21 (Korea Bizwire) — The South Korean government is poised to bring the number of smart factories in the country up to 30,000 by 2015, with plans to train 40,000 skilled workers in preparation for the ever-expanding fourth industrial revolution. Speaking to small and medium size business owners during a meeting at the [...]

Naver Jumps into Cloud Computing Market

Naver Jumps into Cloud Computing Market

SEOUL, Apr. 18 (Korea Bizwire) — Naver Corp., the operator of South Korea’s dominant Internet portal, launched a new cloud-computing platform on Monday to join other IT firms in the fast-growing market. Naver Business Platform (NBP), a subsidiary firm under Naver providing IT infrastructure and solutions, released the platform, Naver Cloud Platform, to offer 30 [...]

Smart AI Shopping Assistants Reshaping E-Commerce

Smart AI Shopping Assistants Reshaping E-Commerce

SEOUL, April 13 (Korea Bizwire) – As the fourth industrial revolution reshapes the landscape of online shopping of our time, advanced technology such as chatbots that assist shoppers are proving popular among consumers despite fears jobs will be taken away by robots and automation. Inside reports from the distribution industry yesterday revealed companies that have [...]

Naver Uses Artificial Intelligence to Recommend Travel Ideas

Naver Uses Artificial Intelligence to Recommend Travel Ideas

SEOUL, Jan. 12 (Korea Bizwire) – South Korean Internet giant Naver announced Wednesday the launch of ConA (Context Recognition AI), an artificial intelligence platform that automatically recommends travel destinations overseas.  According to Naver, ConA uses deep learning technology and makes use of big data from online tour sites or restaurant information to come up with [...]

Big Data Helps Drive Growth of AI, Self-Driving Cars: Naver Officials

Big Data Helps Drive Growth of AI, Self-Driving Cars: Naver Officials

SEOUL, Nov. 7 (Korea Bizwire) – Big data is expected to help drive the growth of next-generation technological developments, including artificial intelligence and self-driving cars, Naver Corp. officials said Monday.  The term “big data” generally refers to the use of analytics by extracting value from data sets for business or research purposes as online databases [...]

Korea Using Big Data to Track Mass Hepatitis C Infection

Korea Using Big Data to Track Mass Hepatitis C Infection

SEOUL, Sept. 1 (Korea Bizwire) – Although the majority of the public may mostly associate big data with marketing and business strategies, a recent Korean government endeavor has offered another perspective of big data, making use of the technology to track down hospitals that may be linked to mass hepatitis C infections.  Hepatitis C is [...]

S. Korea to Foster Big Data Use for Financial Services Firms

S. Korea to Foster Big Data Use for Financial Services Firms

SEOUL, Sept. 1 (Korea Bizwire) – The government plans to allow financial service companies here to share the personal information of their customers for big data collection purposes while keeping their names and other details undisclosed, the top financial regulator said Thursday.  The measure would pave the way for banks, insurers, securities firms, fintech operators [...]

Use of Free Microdata Rising Sharply

Use of Free Microdata Rising Sharply

SEJONG, July 18 (Korea Bizwire) – Microdata refers to information from a basic original database that’s created based on statistics and analytical studies, for which input errors and invalid data have been corrected to offer a better user experience. According to Statistics Korea, the total usage of microdata provided by the institution from December 2015 to [...]

Korean Big Data Analysis Predicts 2016 Election in Trump’s Favor

Korean Big Data Analysis Predicts 2016 Election in Trump’s Favor

SEOUL, July 7 (Korea Bizwire) – Bad news for Hillary. You’re welcome, Donald.  A recent big data analysis of public opinion in the United States revealed that Donald Trump has a ‘sizeable likelihood’ of winning the 2016 presidential election. The study was conducted by a research team from Sejong University, led by business administration professor [...]