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Top Businesses to Create South Korea’s First Data Dam

Top Businesses to Create South Korea’s First Data Dam

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 [...]

S. Korea to Build Public Big Data System by Combining All Government Data

S. Korea to Build Public Big Data System by Combining All Government Data

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 [...]

S. Korea Kicks Off Data Dam Project to Fuel Growth, Create Jobs: Gov’t

S. Korea Kicks Off Data Dam Project to Fuel Growth, Create Jobs: Gov’t

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 [...]

Railway Operator to Use Big Data Technology to Stop Fare Evasion

Railway Operator to Use Big Data Technology to Stop Fare Evasion

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 [...]

Big Data Designates Beethoven as Most Inspirational Composer of All Time

Big Data Designates Beethoven as Most Inspirational Composer of All Time

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 [...]

Samsung SDS Seeks to Expand Portfolio, Cut Reliance on Sister Firms

Samsung SDS Seeks to Expand Portfolio, Cut Reliance on Sister Firms

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 [...]

S. Korean Firms Migrate to Cloud for Digital Overhaul

S. Korean Firms Migrate to Cloud for Digital Overhaul

SEOUL, Aug. 26 (Korea Bizwire) — Arming with the right technology and data is critical for survival in the digital age, and that’s why more South Korean companies are scurrying to shift their IT portfolio to cloud computing space to meet a new set of business demands and bring innovation quickly. Cloud computing allows companies [...]