SEOUL, Oct. 28 (Korea Bizwire) – South Korean technology companies are rapidly expanding their presence in the Middle East, focusing on artificial intelligence (AI), cloud computing, and cybersecurity initiatives. Naver, South Korea’s leading IT platform company, is spearheading this expansion. The company announced on September 23 that it plans to establish “NAVER Arabia,” its Middle East [...]
SEOUL, Oct. 28 (Korea Bizwire) – Naver is building substantial technological expertise in spatial intelligence, a field emerging as the next frontier beyond artificial intelligence (AI). According to ICT industry sources on October 27, Naver Labs, the company’s technology research subsidiary, has accumulated 521 patents in spatial intelligence since its establishment in 2017. These patents cover [...]
SEOUL, Oct. 25 (Korea Bizwire) – SK Hynix reported its highest-ever quarterly revenue and a dramatic return to profitability in the third quarter, driven by surging demand for artificial intelligence memory chips. The South Korean memory chip maker announced on October 24 that its revenue jumped 93.8% year-over-year to 17.57 trillion won in the July-September period, [...]
SEOUL, Oct. 24 (Korea Bizwire) – South Korean tech giant Kakao announced on October 23 that it is taking aggressive steps to integrate artificial intelligence into its workforce operations, signaling a major shift in how one of Asia’s leading technology companies approaches AI adoption. Speaking at the company’s annual developer conference “if kakao AI 2024″ at [...]
DAEJEON, Oct. 24 (Korea Bizwire) – The Electronics and Telecommunications Research Institute (ETRI) of South Korea announced on October 23 that it has developed an intelligent fire detection system capable of significantly reducing false alarms. According to the National Fire Agency, a staggering 96.6% of fire alarm responses between 2021 and July 2022 were triggered by [...]
SEOUL, Oct. 22 (Korea Bizwire) — The industry ministry on Tuesday kicked off the annual Korea Electronics Show (KES), where businesses will showcase their visions for a sustainable future through the use of cutting-edge artificial intelligence (AI) technologies. The KES 2024 will run for four days at the COEX convention center in southern Seoul, inviting [...]
SEOUL, Oct. 18 (Korea Bizwire) – Hyundai Card, a major South Korean credit card company, has successfully exported its proprietary artificial intelligence software to Japan, marking the first such international sale by a South Korean financial institution. The company announced on October 17 that it had signed a contract to sell its AI software, Universe, to [...]
SEOUL, Oct. 10 (Korea Bizwire) — KT Corp., a major South Korean mobile carrier, will jointly open an innovation center for research of artificial intelligence (AI) and cloud computing technologies with Microsoft Corp. next year, the Korean company said Thursday. The establishment of the Innovation Center comes as part of KT and Microsoft’s five-year partnership [...]
DAEJEON, Oct. 10 (Korea Bizwire) – Researchers at the Korea Advanced Institute of Science and Technology (KAIST) have developed a groundbreaking artificial intelligence-based material design technology that significantly improves prediction accuracy for material properties. The research team, led by Lee Eok-Kyun and Kim Hyungjun from KAIST’s Department of Chemistry, announced on October 9 that they have [...]
SEOUL, Oct. 7 (Korea Bizwire) – In a significant shift within South Korea’s tech landscape, companies from industry giants to small startups are increasingly launching paid artificial intelligence (AI) services, signaling a new phase in the commercialization of AI technology. Naver Cloud, a subsidiary of South Korea’s leading IT company Naver, recently introduced Papago Plus, a premium [...]