DAEJEON, Sept. 2 (Korea Bizwire) – The Korea Railroad Corp. (KORAIL) has developed a new system that uses artificial intelligence (AI) technology to check the core components of subway systems operating in the greater Seoul area on a real-time basis as well as to predict the cycle of subway breakdown. Supported by the Ministry of [...]
SUWON, Aug. 25 (Korea Bizwire) — South Korean researchers have developed a new artificial intelligence (AI) solution that can set the appropriate cargo freight rate by using about 2 million big data records, including the day of the week, transportation time and weather. The Gyeonggi Provincial Government said Tuesday that scientists from Kyonggi University, who [...]
SEOUL, Aug. 24 (Korea Bizwire) — Police plans to introduce an artificial intelligence (AI)-based black box video decoding system to better cope with fast-growing public interest reports on traffic law violations. The National Police Agency said Tuesday it is developing an AI system in collaboration with the Ministry of Science and ICT to automatically decode [...]
SEOUL, Aug. 23 (Korea Bizwire) — Insurance agencies and planners have voiced strong opposition to big tech companies’ entry into the insurance sales business, criticizing it as an infringement of their commercial rights. The Insurance Agency Association and the Labor Union Solidarity for Insurance Planners held a joint press conference in front of the presidential [...]
SEOUL, Aug. 17 (Korea Bizwire) — The Ministry of Land, Infrastructure and Transport and the Korea Transportation Safety Authority announced that T-Safer, an artificial intelligence (AI)-based traffic accident risk forecast system, will be rolled out across national highways on Thursday. T-Safer was jointly developed by the two agencies. It is an AI-based system that uses [...]
SEOUL, Aug. 12 (Korea Bizwire) — Hyundai Motor Group said Friday it will spend US$424 million to build an artificial intelligence (AI) research center in the United States to bolster its edge in robotics technology, an area it cites as a key future growth driver. Hyundai Motor Co., Kia Corp. and Hyundai Mobis Co. — [...]
SEOUL, Aug. 12 (Korea Bizwire) — South Korea’s dominant internet portal operator Naver Corp. said Thursday it had updated its artificial intelligence (AI)-based voice recording service CLOVA Note and added an AI summary function. The new function makes use of Naver’s supersized AI platform HyperCLOVA to divide the section of dialogue by theme and automatically [...]
SEOUL, Aug. 4 (Korea Bizwire) — South Korea will provide various forms of support to help local financial firms more actively use fast-advancing artificial intelligence (AI) technology in their businesses, a top financial regulator said Thursday. In a meeting with major financial and tech companies in Seoul, Kim So-young, vice chair of the Financial Services [...]
DAEJEON, July 28 (Korea Bizwire) — The Korea Advanced Institute of Science and Technology (KAIST) said Wednesday it had developed new artificial intelligence (AI) technology that can automatically decode chest X-ray images, identifying illnesses such as tuberculosis, pneumothorax and COVID-19. In collaboration with a domestic hospital, the research team developed a new AI algorithm featuring [...]
SEOUL, July 8 (Korea Bizwire) — The Seoul Metropolitan Government said Thursday that it will develop a new artificial intelligence (AI) service that automatically searches and deletes video footage of sexual crime online. The service is capable of tracking down videos of sexual crime online with high accuracy, sending out requests to take the videos [...]