SEOUL, March 25 (Korea Bizwire) — South Korea plans to invest more than 20 trillion won (US$16.4 billion) in data, network and artificial intelligence (AI) sectors over the next three years in a bid to help nurture future-oriented industries, the finance minister said Friday. Along with fiscal spending, the government plans to provide support for [...]
SEOUL, May 15 (Korea Bizwire) — South Korean telecom operators are joining other internet service providers to expand their footholds in data centers as the pandemic drives demand for online services and to tackle a surge in data traffic amid the increased penetration of the 5G network across the country. Telecom giant KT Corp. launched [...]
SEOUL, Feb. 5 (Korea Bizwire) — Trendsetting companies from various fields including communications, credit card and others will join hands to build South Korea’s first private-sector ‘data dam’. SK Telecom Co., jointly with Shinhan Card Co., Korea Credit Bureau Co., GS Retail Co. and Real Estate 114 Inc. have formed a data alliance, announcing plans [...]
SEOUL, Feb. 2 (Korea Bizwire) — South Korea plans to build a public big data system by 2024 by compiling all data from government agencies. Statistics Korea introduced plans to build the K-Statistics System on Monday, a cloud-based public big data system that collects data from both central and regional governments as well as public [...]
SEOUL, Sept. 2 (Korea Bizwire) – South Korea kicked off its so-called Data Dam project that can fuel growth and create thousands of new jobs, the science ministry said Wednesday. The project, part of the larger Digital New Deal program announced in July, aims to collect and process information provided by both public and private [...]
SEOUL, July 20 (Korea Bizwire) — Naver Corp., South Korea’s top internet portal operator, said Monday it is moving its overseas data backup center from Hong Kong to Singapore amid privacy concerns in the Chinese territory. Concerns about leaks of personal information arose after China implemented a new security law in Hong Kong early this [...]
DAEJEON, June 12 (Korea Bizwire) — South Korea’s railway operator introduced a new system on Friday that uses big data technology to prevent fare evasion. Korea Railroad Corp. (KORAIL)’s new system analyses the list of tickets issued to identify illegal subway rides. The system will primarily be used to crack down on the abuse of [...]
SEOUL, Feb. 5 (Korea Bizwire) — South Korean researchers have revealed that Ludwig van Beethoven was the biggest inspiration for Western classical composers, based on a big data analysis. A research team at the Korea Advanced Institute of Science and Technology announced on Tuesday that they had created a theoretical physics algorithm to calculate the [...]
SEOUL, Dec. 17 (Korea Bizwire) — KT Corp., South Korea’s leading telecommunication service provider, on Tuesday announced the launch of its big data trading platform that helps users to get information in various sectors to apply in their businesses. KT’s big data trading platform manages data collected by 16 parties including a card firm, a [...]
CHUNCHEON, Sept. 22 (Korea Bizwire) — Samsung SDS Co., an IT system affiliate of South Korea’s top conglomerate, will expand global partnerships to diversify its business portfolio and reduce its heavy reliance on sister companies, its chief executive has said. Hong Won-pyo, CEO of the IT subsidiary of Samsung Electronics Co., said his company has [...]