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‘Rent’, ‘Loan’ and ‘Self Interior’ Among Most Popular Keywords on Social Media

‘Rent’, ‘Loan’ and ‘Self Interior’ Among Most Popular Keywords on Social Media

SEOUL, June 27 (Korea Bizwire) – A recent report has revealed the most popular keywords used by South Koreans on social media in recent years, a list that includes ‘rent’, ‘loan’, and ‘self interior’. Amid gloomy prospects of home ownership with a growing number of South Koreans considered ‘rent poor’, the number of mentions of [...]

South Korean Web Hosting Company Gives In to Ransomeware Hackers

South Korean Web Hosting Company Gives In to Ransomeware Hackers

SEOUL, Jun. 15 (Korea Bizwire) — South Korean web hosting site Nayana Communication has struck a deal with ransomeware hackers to pay over 1 billion won to bail the company out of its predicament after losing access to data that hackers encrypted. The South Korean web hosting provider released a statement yesterday, acknowledging a deal they [...]

Naver Facility Among the World’s Top 10 Most Beautiful Data Centers

Naver Facility Among the World’s Top 10 Most Beautiful Data Centers

SEOUL, Jun 15 (Korea Bizwire) — Naver’s data center ‘Gak’, which is located in Chuncheon, Gangwon Province, has made it to a list of the top ten of the world’s best-looking data centers, joining the likes of Google and aql. British IT journal Data Center Dynamics has recently announced ten of the most beautiful data centers [...]

Big Data Analytics to Help U.N. Achieve Key Development Goals

Big Data Analytics to Help U.N. Achieve Key Development Goals

SEOUL, May 31 (Korea Bizwire) – Advances in computing technology and dataanalytics tools are expected to help the United Nations achieve its keygoals of reducing poverty and ensuring sustainable development, the head of the U.N. agency’s sub-regional office said Wednesday. Kilaparti Ramakrishna, head and director of the U.N. Economic and Social Commission for Asia and the Pacific (UNESCAP) East and North-East Asia Office, made the remarks during a forum [...]

SK C&C Develops Blockchain-Based Physical Distribution Service

SK C&C Develops Blockchain-Based Physical Distribution Service

SEOUL, May 17 (Korea Bizwire) – SK C&C is launching a new physical distribution service which uses a distributed database system called a blockchain, the company announced yesterday. Blockchain is a groundbreaking technology that allows users to keep a record of all their transactions transparently, in linear and chronological order. Instead of saving information on a [...]

7 in 10 South Korean Companies Not Ready for 4th Industrial Revolution

7 in 10 South Korean Companies Not Ready for 4th Industrial Revolution

SEOUL, May 17 (Korea Bizwire) – Nearly seven in ten companies in South Korea are not prepared for the fourth industrial revolution, which is reshaping many economies and industries with a range of new technologies, a new report revealed. According to the report released yesterday by the Hyundai Research Institute on the perception of the fourth [...]

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 [...]