SEOUL, Feb. 19 (Korea Bizwire) — Seoul Metropolitan Government announced plans to invest 51.3 billion won in creating a “digital safety city” this year, with initiatives including the installation of intelligent CCTV systems and expanded public WiFi coverage. The budget represents a 6.3 billion won increase from last year. The city is accelerating the deployment of [...]
SEOUL, Feb. 18 (Korea Bizwire) – The government and the ruling People Power Party (PPP) were set to discuss Tuesday ways to improve competitiveness in the artificial intelligence (AI) industry. During their consultations, the two sides are expected to review AI trends and strategies related to DeepSeek, China’s generative AI service, and discuss ways to [...]
SEOUL, Feb. 18 (Korea Bizwire) — SK Hynix is ramping up preparations for its first semiconductor fabrication plant in the Yongin Cluster, moving forward with infrastructure recruitment to support its growing high-bandwidth memory (HBM) and artificial intelligence (AI) semiconductor production. According to industry sources, SK Hynix has posted job openings on its recruitment website for [...]
SEOUL, Feb. 17 (Korea Bizwire) — Major South Korean information and communications technology (ICT) companies are moving away from independent development efforts, forming strategic partnerships with global tech giants in artificial intelligence to minimize risks and boost their service capabilities. KT Corporation, one of South Korea’s largest telecommunications companies, announced plans to collaborate with Microsoft to [...]
SEOUL, Feb. 17 (Korea Bizwire) — The government said Monday it has temporarily suspended the local service of Chinese artificial intelligence (AI) app DeepSeek over concerns about its data collection practices. The Personal Information Protection Commission said the service was suspended at 6 p.m. Saturday and will be resumed after “improvements and remedies” are made [...]
SEOUL, Feb. 17 (Korea Bizwire) — Subscription-based services in South Korea saw significant growth in 2024, with generative artificial intelligence (AI) leading the surge, according to a recent analysis by KB Kookmin Card. The financial institution reported that total subscription transactions increased by 12.9% in 2024 compared to the previous year, while spending on subscription services [...]
SEOUL, Feb. 12 (Korea Bizwire) — In a revealing test of China’s latest artificial intelligence chatbot, DeepSeek has drawn criticism for its inconsistent and politically charged responses to sensitive questions about historical and territorial disputes in East Asia. The AI, which garnered attention last month for reportedly outperforming ChatGPT in certain capabilities, responded to queries about [...]
SEOUL, Feb. 12 (Korea Bizwire) – A conference on electric energy kicked off in Seoul on Wednesday to showcase cutting-edge electric power technologies of local and foreign companies, the industry ministry said. Elecs Korea 2025, hosted by the Ministry of Trade, Industry and Energy, will run for three days through Friday at the COEX convention [...]
SEOUL, Feb. 11 (Korea Bizwire) — Samsung Electronics announced on February 10 that it has signed a memorandum of understanding (MOU) with Yuchang E&C, South Korea’s largest modular construction company, to jointly develop AI-powered smart modular buildings. The partnership, formalized at Yuchang E&C’s Cheonan factory on February 6, aims to develop AI-integrated modular construction products and [...]
SEOUL, Feb. 10 (Korea Bizwire) — Privacy watchdogs and government agencies are raising alarms about DeepSeek, a Chinese artificial intelligence platform, amid reports of extensive data collection practices. However, tech enthusiasts and small businesses are increasingly turning to the platform’s open-source models as an alternative. According to DeepSeek’s privacy policy released on February 9, the platform [...]