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, [...]
SEOUL, Apr. 25 (Korea Bizwire) — Naver will not introduce direct links to media outlets for its news service despite concerns over public opinion rigging and fake news. The web portal giant’s new reorganization plan will limit the number of comments left by the same account, but the company opted out of ‘outlinks’, which send readers [...]
SEJONG, Jan. 17 (Korea Bizwire) — The South Korean government will use cutting-edge technology such as drones and the Internet of Things to improve the safety of the nation’s railway network. The Ministry of Land, Infrastructure and Transport has introduced a comprehensive white paper outlining technology projects over the next ten years, including the installation of [...]
SEOUL, Dec. 21 (Korea Bizwire) — South Korea’s state-run information and communications promotion agency said Thursday local companies have filed the third-largest number of patents related to artificial intelligence (AI) technology over the past 12 years. The Institute for Information and Communications Technology Promotion (IITP) said its finding is based on AI-related technologies applied to [...]
SEOUL, Nov. 17 (Korea Bizwire) – The government is aiming to trim its electrical bills with the help of big data integrated smart meters, electronic apparatuses that track the electricity consumption of a building. Currently being trialed at 363 regional government buildings since June, the plans are to install the devices in every government and [...]
DAEJEON, Nov. 10 (Korea Bizwire) – A KAIST professor has said artificial intelligence-based fact checkers could be more effective than humans in tackling fake news in the future. Professor Cha Mi-young, who teaches computing at the Korea Advanced Institute of Science & Technology (KAIST), said big-data efforts to quickly discover and prevent fake news from [...]