SEJONG, Jun. 2 (Korea Bizwire) — A speculated increase in Koreans eating out due to income increases and shrinking families is being confirmed following the analysis of data collected during recent research programs. According to a report published by the Hyundai Research Institute in February, the average expenditure per month on eating out among middle [...]
SEOUL, May 11 (Korea Bizwire) — South Korean President Park Geun-hye announced a plan Monday to take advantage of big data to create new business opportunities as she launched a new innovation center. “Big data is a new capital of the creative economy,” Park said in the opening ceremony of the latest innovation center in [...]
SEOUL, April 22 (Korea Bizwire) – As complaints about noise levels are increasing, Gwangju Metropolitan City has decided to tackle the situation by creating a noise map that covers the entire city. The southwestern metropolitan city announced on April 21 that it would produce a map indicating noise levels around the city. The map will indicate [...]
SEOUL, March 23 (Korea Bizwire) – Korean scientists have developed a voice-to-text conversion technology that can automatically transcribe the voice of callers seamlessly to texts in Korean. The Electronics and Telecommunications Research Institute of Korea (ETRI) announced on March 22 that it had successfully developed the Natural Language Recognition software. As financial institutions and other corporations [...]
SEOUL, Feb. 22 (Korea Bizwire) — Korean governmental bodies are making good use of big data analysis to help design new policies. The Gwangju Metropolitan Government and SK Telecom recently conducted a big data analysis regarding transportation and population information in Gwangju, to find out which areas were the most populated with senior citizens over 65 who had [...]
SEOUL, Jan. 22 (Korea Bizwire) – Samsung Group invested in an Israeli healthcare venture, Early Sense, which Samsung Electronics CEO Yoon Boo-geun mentioned in his keynote speech at the opening of CES 2015. According a venture investment business source, Samsung Venture Investment closed the fundraising worth US$20 million for Early Sense. Samsung invested US$10 million, and the [...]
SEOUL, Dec. 22 (Korea Bizwire) — SK Telecom announced that it will hold a competition called “Big data Analytic Festival (BAF)” in partnership with Data Solution, a Korean data analysis company. The telecommunications provider is also planning to crystallize several business plans from the competition’s big data analyses on moviegoers, campers, healthy-eaters, and senior citizens. The [...]
SEOUL, Dec. 20 (Korea Bizwire) – SK C&C, Korea’s third largest IT system developer, aims to increase its footprint in the big data service market by expanding and strengthening its related task forces. The IT firm announced that it plans to transform its existing big data task force into an official division, providing composite big data [...]
SEOUL, Dec.4 (Korea Bizwire) – The Korea Intellectual Property Office held on December 3 a conference to predict promising technologies for the future based on the analysis on patent big data. In the conference at GS Tower in Seoul’s Gangnam, as many as 400 officials from industry, academia, and research institutes participated. The 60 promising technologies gathered from [...]
SEOUL, Oct. 11 (Korea Bizwire) — Samsung Venture Investment reportedly invested in SolidFire, an All-SSD storage service provider, following Pure Storage, also a storage platform provider, in 2011 to develop the Internet of Things technology within Samsung Group. A storage platform is necessary to deal with big data for IoT. According to Chosun Biz on October [...]