SEOUL, Jun. 26 (Korea Bizwire) — Most companies that use public data to do business have been able to expand employment. According to a survey conducted by the Ministry of the Interior and Safety on Tuesday, 665 out of 803 companies that use public data, or 82.8 percent, cited “expansion of employment” as their most [...]
SEOUL, Apr. 18 (Korea Bizwire) — South Korea’s dominant Internet portal and search engine, Naver Corp., said Thursday it aims to focus on its cloud computing business for public and financial service firms by taking on Amazon Inc. and other leading service providers in the burgeoning sector. In April 2017, Naver Business Platform (NBP), an [...]
SEOUL, Apr. 17 (Korea Bizwire) — The Seoul Metropolitan Government has decided to focus on big data to reduce commuting time. The city announced on Tuesday that it will set up a database of the commuting population using big data from public transportation and communication services to establish residence and traffic policies. The city signed [...]
SEOUL, Feb. 21 (Korea Bizwire) — The South Korean government plans to provide a 24-hour civil consultation service, protect victims of crimes using Internet of Things (IoT) technology, and develop a blockchain-based customs system for exporting products. South Korea’s Ministry of Public Administration and Safety announced on Wednesday that it had selected three projects to [...]
SEOUL, Jan. 23 (Korea Bizwire) — NHN Entertainment Corp.’s artificial intelligence (AI) Go program beat the reigning global champion in a match on Wednesday, scoring a complete victory in a series of games against South Korea’s top five players. NHN’s AI player HanDol defeated Shin Jin-seo in the fifth and final match held at the [...]
SEOUL, Aug. 31 (Korea Bizwire) — President Moon Jae-in vowed additional government support for the data industry Friday, stressing the need to develop big data into the country’s new growth engine. “The government will fully support the data industry as part of efforts to revitalize our economy. We will establish a new expressway of data [...]
SEOUL, Jun. 13 (Korea Bizwire) — Naver Business Platform Corp., a cloud service provider under South Korea’s top webportal operator Naver Corp., said Friday it has partnered with Mirae Asset Daewoo, a local financial company, to provide high-performance computing (HPC) cloud solutions. HPC refers to the utilization of supercomputers and other high-end computers to carry [...]
SEOUL, May 31 (Korea Bizwire) — A new way has been paved for corporations to incorporate the massive trove energy-related big data held by the Korea Electric Power Corporation (KEPCO) into new energy business models. The Ministry of Trade, Industry and Energy announced today that KEPCO had signed MOUs with four corporations (KT, SKT, LG [...]
SEOUL, May 16 (Korea Bizwire) — Drones have been gaining popularity in their application for a wide range of industries, including agriculture and manufacturing. They have become more reliable and capable of different tasks as technology has advanced. The Presidential Fourth Industrial Revolution Committee announced the establishment of an ‘Intelligence-based Forestry Disaster Management Strategy’ on [...]
SEOUL, May 16 (Korea Bizwire) — South Korea will collect big data from medical records from local hospitals to pave the way for the development of effective and appropriate treatment plans for individual patients, the commerce ministry said Monday. The Ministry of Trade, Industry and Energy said it launched a task force composed of hospitals, [...]